UBS CEO Warns Markets Risk Being Rattled by Tariffs, Politics

The incoming US administration’s potential move to raise tariffs on trading partners could combine with conflicts around the globe to increase risk in financial markets next year, according to the chief executive of UBS Group AG.

“The acceleration of geopolitical events coupled with escalation on the macroeconomic fronts - tariffs, protectionism — it’s definitely something that has to be watched,” Sergio Ermotti said in a Bloomberg Television interview on the sidelines of Abu Dhabi Finance Week on Monday. “It’s still very uncertain, we’re going to see a lot of volatility in markets.”