Japan’s richest man and the founder and CEO of Fast Retailing FRCOY, which operates Uniqlo, Tadashi Yanai, warned that the United States could face the steepest costs from the tariffs imposed by President Donald Trump.
Warns The World ‘Could Go Bankrupt’
Speaking at a Uniqlo event in New York City on Monday, Yanai said that he was afraid that the world “could go bankrupt” as a result of the tariffs and trade barriers imposed by the Trump administration, while adding that “America is the one that could suffer the most,” as reported by Reuters.
Fast Retailing, one of the largest apparel…