Global trade took center stage at the Harvard College China Forum in Massachusetts this weekend. Experts explored how trade deficits—when a country imports more than it exports—have long fueled debates, with U.S. President Donald Trump spotlighting these imbalances as he rolled out tariffs aimed at reshaping the global economy.
However, many speakers argued that focusing solely on merchandise trade can miss the bigger picture. They pointed to Washington's significant surplus in services, covering booming sectors like tech, finance, and media. For young, tech-savvy professionals in South and Southeast Asia, this discussion is a reminder that global trade isn't just about goods—it’s also about the vibrant digital and service economies that impact our daily lives. 😊
The forum sparked lively debates about rethinking traditional metrics and embracing a more balanced view of international trade in our interconnected world. Such insights are increasingly important in an era where innovation and technology drive economic progress.
Reference(s):
cgtn.com
