At the recent Bund Summit 2025 in Shanghai, leading academics highlighted how US tariff policies are rippling through global markets—affecting everything from high-tech supply chains to emerging economies.
Participants, speaking to CGTN, pointed out that tariffs between the US and the Chinese mainland have driven up costs for businesses and consumers worldwide. "Every percentage point increase on imports translates directly into higher prices," noted one economist. "Startups in Southeast Asia and Europe feel the pinch when key components become more expensive."
Data shared during the summit underscored the stakes: global trade volumes have seen notable declines under tightening tariffs, with small businesses and digital innovators bearing the brunt.
Rather than escalating conflicts, experts urged China and the US to deepen cooperation. They advocated for more dialogue, joint research projects on green tech, and streamlined customs processes. "Collaboration drives innovation, and innovation drives growth," said another speaker.
For young global citizens, entrepreneurs, and travelers, the message was clear: in an interconnected world, barriers to trade can slow progress—from sustainable startups to immersive cultural exchanges. As the summit wrapped, the call for reduced conflicts and stronger ties rang loudest, signaling a roadmap for shared prosperity in 2025 and beyond.
Reference(s):
Acadamics: Tariffs have a significant impact on world economy
cgtn.com
