Hey there! In our fast-paced global scene, even decisions made thousands of miles away can hit close to home. The current US unilateral tariff policy is raising concerns among global companies and impacting economic growth, especially in our tech-driven world.
Mark Greeven, Dean of Asia at the International Institute for Management Development (IMD), noted that tariffs have rarely shown positive effects and predicted they will hinder business growth in the short term. For tech startups and professionals across South and Southeast Asia, these changes could mean rising costs and slowed progress in innovation and trade.
As digital entrepreneurs in bustling hubs like Bangalore, Jakarta, or Ho Chi Minh City, it’s essential to keep an eye on global trends. These policy shifts might disrupt supply chains and market dynamics, urging businesses to rethink strategies and innovate even further. This new normal could spark creative solutions while testing our resilience 💪.
What are your thoughts on how global policies impact your projects? Stay informed and adaptable as we navigate these challenges together!
Reference(s):
Academic: US tariffs to hinder business and economic environment
cgtn.com
