Uniqlo CEO Warns That America May Face Severe Consequences from Tariffs, Cautions That the World Could Face Bankruptcy

Tadashi Yanai's Warning: Japan's richest man and CEO of Fast Retailing, Tadashi Yanai, expressed concerns that the tariffs imposed by the Trump administration could lead to significant economic consequences, potentially causing the world to "go bankrupt," with the U.S. being the most affected.

Impact on Fast Retailing: Fast Retailing, which operates Uniqlo, is planning to raise prices in response to tariffs affecting its U.S. operations, as the company has a majority of its production in South and Southeast Asia, highlighting the broader implications of tariffs on American consumers.