Suranjana Tewari speaks to John Denton, Secretary-General of the International Chamber of Commerce (ICC), about the impact of global tariffs. Based in Paris, the ICC represents 45 million businesses, large and small, from across 170 different countries. These businesses were amongst the first to feel the effects of Trump’s tariffs, which have been implemented for various reasons by the US President. Mr. Denton believes that the uncertainty is hurting businesses who worry about making a decision today, only for the rules to be changed tomorrow.
Mr. Denton also reveals how new markets are forming away from the US and its tariffs, with South East Asia transitioning from an export-based economy to one of consumption. And despite all the chaos, he points out the World Trade Organisation, and other economic architecture, has actually continued to function. He praises those who have not issued retaliatory tariffs.
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Presenter: Suranjana Tewari Producers: Ben Cooper and Olivia Lace-Evans Editor: Nick Holland
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(Image: John Denton. Credit: John Lamparski/Getty Images North America)