In a recent interview with CGTN, European Central Bank President Christine Lagarde warned that looming tariff threats are stalling global investment and clouding growth prospects worldwide.
"Tariff threats create uncertainty for the global economy, put a hold on many investment and development projects, and dampen global growth expectations," Lagarde told CGTN's Guan Xin. Her comments come amid rising trade tensions between major economies and growing concerns over a slowdown in world trade.
For young entrepreneurs and tech startups, the message rang especially clear: plans to expand into new markets or forge cross-border partnerships are increasingly on ice. With companies weighing the potential cost of higher import duties, strategic pivots are becoming the norm – from reshoring production to diversifying supplier networks.
Thought leaders and changemakers have echoed Lagarde's caution, arguing that sustainable development goals and green investments could face setbacks if policy uncertainty persists. Meanwhile, sports and entertainment sectors that thrive on international tours and events may see ticket prices rise as tariffs drive up logistics costs.
Global citizens – whether travelers booking eco-friendly tours or digital nomads scouting remote work hubs – could also feel the pinch. Higher prices for consumer electronics, textiles and even airfare could reshape spending habits and travel plans for a generation that values both affordability and sustainability.
Lagarde's warning underscores a clear call to action for G20 leaders: to ease trade barriers, reinforce multilateral dialogue and restore confidence in the global economic framework. As negotiations unfold, businesses and policymakers alike will be watching closely for signs of de-escalation – or further gridlock.
Reference(s):
cgtn.com
