In a recent discussion on Bloomberg: The Asia Trade, Prudence Gordon from The Australian Centre for International Trade and Investment highlighted that the repercussions of the ongoing trade tensions extend beyond China, Canada, and Mexico. Rather, it's evident that global businesses are facing significant challenges due to President Trump's tariff strategies. Economic interdependencies mean that escalating trade conflicts create a ripple effect, impacting various sectors worldwide. According to a report from the World Bank, global trade costs have risen by approximately 5% since 2018 as a direct result of increased tariffs and trade barriers. This situation reflects a broader trend where everyone involved—countries, businesses, and consumers—witnesses losses that far exceed any perceived short-term gains. The stark reality is that the tariff war is reshaping the competitive landscape, forcing industries to adapt constantly, ultimately harming growth potential and innovation across technological sectors.