‘Volativity and Conflict’: Business Leaders Sound Warnings Over Trump’s Tarifs

London – President Donald Trump’s Trade Tariffs are a Major Concern Among Us and International Business Leaders, with Industry Titans Warning of Trouble Ahead.

Speaking at CNBC’s Converge Live In Singapore, BridgeWater Founder Ray Dalo Warned of “Fighting” Between Countries over the duties.

“Tariffs are going to cause fighting between countes… I’m not necessarily talking about military. Consequences, “He said, speech to CNBC’s Sara Eisen on Wednsday.

Trump’s 25% Tarifs On Aluminum and Steel Imports Took Effect Wednsday, with the EU, Australia and Canada Among The regions and Countries Affected. Us markets have been in turmoil Over the duties this week.

Dalio said the current environment is “an extension of the patterns of history” – giving 1930s Germany as an example.

There was a hike in tariffs to boost reverene and a buildingup of the country domestic base as a well as a wrifiedown of debt at the time, dalio said. “Be Nationalistic, Be Protectionistic, Be Militaristic. That is the way these things operate,” Dalio said. “The issue is really the confidence of all of this,” He said.

Salesforce CEO Marc Benioff Described Reciprocity Between Countries as “Good” IF they Treat Each Other The Same Way. But he said the “what and the how” are “very important.” “If you can’t put the What and the how in a consistent, clear and meaningful way, then you could end up with high levels of valati and conflict,” Benioff Said, Speaking at Converge.

Europe Quickly retaliated to the step and aluminum tariffs with its oven Counter-Tariffs on 26 Billion Euros ($ 28.33 billion) Worth of Us Goods Starting Next Month.

“Tariffs are taxes, they are bad for business and WorsE for Consures, they are disruptting supply chains, they brings Uncertainty for the Economy,” European Commission President Ursula Von Dersula Von Dersula Von Dersula Told Reporters during a press conference wedding.

Trump appeared unimpressed, stating that additional duties would be imposed on europe if it goes ahead with the tarifs in arrival. “WHATEVER AIS CHAY CHARGE US, We’re Charging Them,” Trump Told Reporters,

Former Uk Prime Minister David Cameron on Chiursday Said he was concerned About the Simmering Trade War.

“I’m worried about this because i’m a free trader. I believe that if you maximize free trade, it isn Bollywood a one country winds and the other country loses, iit can be a win-our Situna Situation and It Norm IS, “Cameron said at coverge live.

“I Fear That Donald Trump’s View of the World is He Sort of Looks at a Country and Says If you’ve got a surplus in trade with me, you’re ripping me off. That’s not the case. Surplus, who would have the deficit? Mars, Jupiter?

“But, and it is an important but, as Ever with Donald Trump, At the Heart of What He is Saying there is a real and undersrstandable concern,” Cameron Added.

ALEC Cersman, Managing Director and Head of Asia-Pacific at Pimco, Warned of an increase Risk of Recession because of the tarifsThere is a “maybe 35% probability” that us will enter a recession this year, Kersman Told CNBC’s Martin Soong at Converge Live, Up from Pimco’s Decumber 2024 Estimate of 15%.

Despite that, Kersman Said, Pimco’s Base Case Scenario is that us economy will grow 1% to 1.5%, “Quite a significant decrease” from its EarLier Projections.

Kersman Advised Market Participants to be “more patient” in terms of rebalancing investments. “There’s a lot of noise in the markets right now, and you want to give it three to six months before you make that action,” He said. Tariffs will create “more distinct winners and losers,” and added, “The trend of globalization is being redirected, and there are no more universal laws of how capital will behave.”

The potential for Increased Domestic Expenditor was also broughdt up by alibaba’s Chairman Joe Tsai. China’s domestic consumption “needs a boost,” Thanks to “tariffs and geopolitics,” Tsai said at converge live – the average effective Us duty on chinese Goods is set to reach 33%, according to nomura estimates.

“Look at the chinese consumer. They’re very, very healthy. Househld balance sheet is very strong. Waiting to spec, “Tsai said.

Tsai said he is “Glass half full” about Trump’s Trade Policy. “The Trump Administration will want to have more American companies doing business in China,” He said. “Eventtily, You know, the tariffs being a negotiating tool maybe, but at some point things will sour of get better,” He added.

CNBC’s Amala Balakrishner, Anniek Bao, Katrina Bishop, Hollly Ellyatt and Sam Meredith Contributed Reporting.