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Investing.com -- Trade tariffs imposed by U.S. President Donald Trump on the country’s trading partners are expected to create uncertainty and increase volatility in the coming weeks, according to Sergio Ermotti, CEO of UBS. Ermotti made these comments on Thursday at an event in Zurich.
He also suggested that the fallout from these tariffs could impact both mergers and acquisitions (M&A) activity and initial public offerings (IPOs). The CEO of the Swiss multinational investment bank and financial services company did not provide further details on how these specific sectors might be affected.
This comes as the U.S. continues to impose tariffs on various goods from its trading partners, a move that has been widely criticized. The specific impact of these tariffs on the global markets remains to be seen, but Ermotti’s comments indicate that the financial sector is preparing for potential fluctuations.
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