this post was submitted on 09 Dec 2025
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Supply chain guru Victor Fung warns of ‘20% tax’ as tariffs reshape global trade (www.scmp.com)
submitted 2 months ago by rss@news.abolish.capital to c/china@news.abolish.capital
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Hong Kong tycoon Victor Fung Kwok-king former chairman of supply chain management conglomerate Fung Group, warned on Tuesday that consumers around the world will ultimately bear the cost of a de facto 20 per cent tariff in global trade. Speaking at the Global Supply Chain Business Summit 2025 held by the Hong Kong University of Science and Technology’s Li & Fung Supply Chain Institute, the 80-year-old said the global trading environment was converging towards an average tariff rate of about 20...

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