Steve Hoffman, CEO of Founders Space, has warned that imposing tariffs on imported goods would be “a big mistake” for the United States. In an interview with CGTN, Hoffman expressed concerns over incoming U.S. President Donald Trump’s proposed tariffs on goods from countries around the world.
Hoffman stressed that additional tariffs would not only harm the U.S. economy but also negatively impact the global economy, leading to a “vicious cycle” of economic repercussions. “Extra tariffs will hurt both economies,” he said, highlighting the interconnected nature of international trade.
He urged the United States and China to focus on areas of mutual benefit. “China and the U.S. should focus on where there are win-wins, as there are far more win-wins between China and the U.S. than there are losses,” Hoffman added.
As the U.S. prepares for a new administration, business leaders like Hoffman emphasize the importance of maintaining strong economic ties and avoiding protectionist policies that could disrupt global markets. His comments reflect a broader concern among entrepreneurs, investors, and market analysts about the potential impacts of tariffs on international trade and economic growth.
Reference(s):
'Big mistake' if Trump levies tariffs, says Silicon Valley exec
cgtn.com
