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Story summary
- Victor Fung Kwok-king, a Hong Kong tycoon, warned that a de facto 20 percent tariff in global trade will burden consumers.
- Speaking at the Global Supply Chain Business Summit 2025, he said the trading environment is moving toward an average 20% tariff on most goods.
- He linked uncertainties from China and India to higher costs, and warned they would reduce trade volume and hurt consumers within one to two years.
