Globalisation in its current form “may have now run its course”, according to HSBC chair Sir Mark Tucker, who said trade and geopolitical tensions would lead to stronger economic ties between regional groups and trade blocs.
In a speech at the bank’s Global Investment Summit in Hong Kong on Tuesday, Tucker said trade tensions created uncertainty that posed a “serious potential risk to global growth”.
Since taking office in January, US President Donald Trump has slapped tariffs on key trading partners, including China, Canada and Mexico, and is expected to impose more on April 2, when his administration unveils “reciprocal tariffs” on countries around the world.
您已阅读25%（667字），剩余75%（2051字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。