LONDON – President Donald Trump’s trade taxes are a major concern between the United States and international business leaders, a warning of trouble with Industry Titans.
CNBC talking about Stay alive In Singapore, the founder of the Bridge Water, Ray Dalio, warned about “fighting” between countries more than duties.
Talking to CNBC’s Sarah Eisen on Wednesday, he said, “Tariffs are causing war between countries … I am not necessarily talking about the army. But about us, think about Canada, Mexico, China … will be fighting, and the results will come to Sarah on Wednesday.”
Trump’s 25 % of Trump’s revenue on import of aluminum and steel came into force on Wednesday, in the affected regions and countries with the European Union, Australia and Canada. US markets are rioting on duties this week.
Dolio said the current environment is “expansion of history patterns” – which gives Germany an example for the 1930s.
Delive said that with the construction of the country’s domestic base and the construction of the country’s domestic base, the debt for a right town increased. “Be a nationalist, be protected, become militants. They work like this,” said Delevo. “The problem is, in fact, the clash of them all,” he said.
Sales force CEO Mark Benevev called the bilateral relations between the countries “good” if they treat each other the same. But he said “what and how” are “very important”. “If you cannot put in a permanent, clear and meaningful way, you can end the high level volatility and conflict,” Bennev said in the convention.
The risk of recession
Managing Director and Head of Asia Pacific, Aleke Karsman, warned the growing The risk of recession due to prices. Pimco’s estimates from December 2024, estimates 15 %, Karsman told CNBC’s Martin Song in Converage Live this year, the United States will enter a recession this year, “maybe 35 % of the possibility.”
Nevertheless, Karsman said, the view of PEMCO’s base case is that the US economy will increase by 1 percent to 1.5 percent, which will be a “significant reduction” by its first predictions.
Kerman advised market participants to be “more patience” in terms of balancing investment. “There’s a lot of noise in the markets right now, and you want to give it three to six months before the action,” he said. The prices will create “more separate winners and losers”, and added, “The trend of globalization is being redirected, and there are no international laws as to how the capital will be treated.”
Consumer costs
However, Kamal Bhatia, president and CEO of the Principal Asset Administration, said that the trade wars caused by taxes could really mean that consumers spend more at home.
Most people will not reduce this potential increase in costs by focusing on “external effects” on overall domestic products, Bhattia said in the Converage Live. He said that countries can “go back to being insulated”, they performed better than the development of patriotism and the expected overall domestic products.
Alibaba chairman Joe Tasai raised the possibility of increasing domestic spending. Tasai said in Converage Live – China’s domestic consumption needs “promoting” tariffs and geopolitics “. According to Namura’s estimates, US duty on Chinese goods is ready to reach 33 %.
Tasai said, “Look at the Chinese users. They are very, very healthy. The domestic balance sheet is very strong, very strong. You are watching more than $ 20 T trillion dollars through households. So, they are waiting to spend.”
Tasai said it was “half -filled glass” about Trump’s trade policy. “The Trump administration will want to do more US companies in China,” he said. He added, “Finally, you know, prices can be a negotiating device, but things will improve at some point.”
EU reaction
Europe quickly responded against steel and aluminum prices, saying it would be imposed Counter tariff on 26 billion euros (.3 28.33 Billion) The value of US goods starting next month. European Commission President Ursola Van Dare Leene told reporters during a press conference on Wednesday, “Tackle taxes are taxes, they are bad for business and are worse for consumers, they are disrupting supply chain, they bring uncertainty to the economy.”
CNBC’s Amal Balakarmaner, Annik Bao, Katrina Bishop, Holi Elite and Sam Medith cooperated in reporting.
