Global firms face heightened risk dealing with fallout in US-China ties

Published Wed, Aug 12, 2020 · 09:50 PM

JINGOISM is fast becoming a key risk for many businesses, particularly those with a global presence.

According to insurer Allianz, changes in legislation and regulation - which encompass trade wars, economic sanctions and protectionism - came in third in a 2020 global ranking of top business risks, up from fourth in 2019 and fifth in the preceding three years. This may well have climbed higher now since the survey was conducted in October and November of 2019.

"Trade policy is becoming just another political tool for many different policy ends," Allianz chief economist Ludovic Subran said in the report. "This activism is not restricted to the US; it has spread to Japa…