StanChart CEO Says Nobody Wins in a Trade War as Tariffs Kick In

The boss of Standard Chartered Plc said “no one wins in a trade war” as the lender works with clients to adjust supply chains for sweeping tariffs imposed by the US.

“We remain hopeful that negotiations and some goodwill can help with the situation,” Bill Winterssaid in a LinkedIn post on Wednesday.

Standard Chartered is one of the most exposed European banks to President Donald Trump’s tariffs, chiefly through its Asia-focused trade finance business. Shares in the London-listed bank have lost more than 20% of their value so far this month, making it one of the worst performers ...