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Standard Chartered CEO: US tariffs will be disruptive, but 'markets will equilibrate'

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Globalisation is going forward. Trade remains enormously beneficial to the world, and everybody understands that,' Winters says.
The article from the South China Morning Post discusses comments made by Bill Winters, the CEO of Standard Chartered, regarding the potential impact of new U.S. tariffs on Chinese goods. Winters stated that while the tariffs would be "disruptive" to markets, he believes that markets would eventually find a new equilibrium. He highlighted that the financial markets are adept at adjusting to new economic policies, suggesting that despite initial turbulence, the global trade environment would adapt. Winters also touched on the broader implications of U.S.-China trade relations, noting that while there might be short-term volatility, the long-term effects could lead to a reconfiguration of supply chains and trade strategies. He emphasized the resilience of markets and the banking sector's ability to navigate through such geopolitical and economic shifts.

Read the Full scmp.com Article at [ https://www.scmp.com/business/banking-finance/article/3288477/standard-chartered-ceo-us-tariffs-will-be-disruptive-markets-will-equilibrate ]