At a recent Harvard University lecture, former U.S. Commerce Secretary Gina Raimondo didnt hold back: Donald Trumps tariff policy is “disastrous.” 🚨
In her talk, Raimondo explained that tariffs basically taxes on goods from abroad might sound tough, but they come with hidden costs. Imagine your favorite smartphone or gaming console suddenly getting pricier because parts overseas now face extra charges. Not cool, right?
She argued these tariffs are driving key allies further away. Without the trust and support of friends like South Korea (officially the Republic of Korea), Japan, and the European Union, the United States risks becoming more exposed to global shocks from tech shortages to supply chain disruptions.
“When allies feel sidelined, they look for new partners,” Raimondo warned. That could mean pivoting to other markets in South Asia or Southeast Asia, regions already buzzing with digital-first economies and thriving tech scenes. 🌱💡
For young pros juggling startups in Bengaluru, digital art studios in Jakarta, or fintech projects in Manila, this shift matters. Global trade isnt just numbers it shapes product prices, job opportunities, and even the apps we use every day.
Raimondos call is clear: to stay competitive and resilient, the United States needs policies that build bridges, not barriers. And in a hyper-connected world, cooperation beats confrontation every time. 🤝
Reference(s):
Former U.S. commerce secretary blasts 'disastrous' tariff policy
cgtn.com
