Mark Greeven, Dean of Asia at the International Institute for Management Development (IMD), has issued a stark warning regarding the current US unilateral tariff policy. Speaking in a clear and cautionary tone, Greven noted that tariffs have rarely driven positive economic outcomes and now pose serious challenges for global companies and economic development.
According to Greven, the imposition of these tariffs is likely to hinder the business environment and slow down growth in the short term, affecting a diverse range of industries and markets. His remarks serve as a reminder to young global citizens, tech enthusiasts, and emerging entrepreneurs that understanding the shifts in economic policy is crucial in today’s interconnected world.
The impact of such a tariff strategy resonates across borders, influencing not only established markets but also the emerging digital economies and startup ecosystems. As the global community navigates these challenges, there is an increasing call for innovative strategies, collaborative efforts, and adaptive policies that can turn economic obstacles into opportunities.
This development reinforces the need for vigilance and resilience among business leaders and forward-thinking professionals who are shaping the future. With the world becoming ever more integrated, staying informed and ready to pivot is key to overcoming these current economic headwinds.
Reference(s):
Academic: US tariffs to hinder business and economic environment
cgtn.com
