Harvard emeritus professor Dwight H. Perkins recently warned that the Trump administration's tariffs may harm the U.S. economy over the long term and even trigger a global recession. Speaking to CGTN, Perkins criticized the administration’s trade policies as lacking in macroeconomic insight, arguing that these measures are not constructive for sustainable growth.
In today’s interconnected global marketplace, decisions in one major economy can create ripple effects across emerging markets and innovative sectors worldwide. Perkins highlighted concerns that such tariffs might disrupt supply chains, lower market confidence, and exacerbate economic challenges on a global scale.
This analysis resonates with young global citizens, business and tech enthusiasts, and thought leaders who are keen to see policies that promote stable, inclusive growth. The debate underscores the urgency of informed economic strategies in an era marked by rapid technological change and global interdependence.
Reference(s):
cgtn.com
