The Interview John Denton, Secretary-General of the ICC: Uncertainty is harming business
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Aug 5, 2025 John Denton, Secretary-General of the ICC, represents millions of businesses globally as he sheds light on the chaotic impact of U.S. tariffs. He expresses concern about the uncertainty these policies create, stifling business decisions. Denton highlights a shift in Southeast Asia towards consumption-driven economies, reflecting changing global trade dynamics. He also calls for strategic engagement with major powers like China and the U.S., emphasizing the importance of including developing economies in discussions on innovation and climate change.
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Uncertainty Hurts Global Business
- Businesses globally face growing uncertainty due to changing tariffs and unclear trade rules.
- This uncertainty forces companies to delay crucial decisions affecting their growth and operations.
Southeast Asia's Economic Shift
- Southeast Asia is shifting from export-driven to consumption-driven economies.
- This creates huge regional demand and new market opportunities despite global trade tensions.
ASEAN Faces Trade System Risks
- ASEAN recognizes trade system erosion as an existential threat causing GDP decline.
- Maintaining common standards and intertwined supply chains is essential for regional success.