Uniqlo founder Yanai says US may suffer most from tariffs

By Nicholas P. Brown

NEW YORK/TOKYO (Reuters) -The Japanese founder of fashion brand Uniqlo said on Monday the U.S. may bear the highest price from the impact of tariffs on global trade.

Tadashi Yanai, Japan’s richest man and the chief executive of Uniqlo operator Fast Retailing, has been outspoken on the potential economic damage from wide-ranging tariffs imposed by the administration of U.S. President Donald Trump.

Yanai reiterated that sentiment on the sidelines of a Uniqlo event in New York City, where the company was promoting its LifeWear clothing and art collaboration with Japan’s Toray Industries and The Museum of Modern Art.

“I’m afraid the world could (go) bankrupt,” Yanai said through a translator. “America is the one that could suffer the most,” he said, without elaborating