Nipponica

U.S. President Donald Trump's tariffs will create regional trading blocs and realign global supply chains, the CEO of Japanese trading house Marubeni has warned.

"There is a perception that things are getting back to normal" now that some countries have tariff agreements with the U.S., but "the protectionist tendencies will alter the movements of goods and alter supply chains in the mid to long term," Masayuki Omoto, the CEO of one of Japan's five main general trading houses, told Nikkei Asia.

"I believe economies will become more regionally focused -- or bloc-based," he said.

Globalization being buried, one tariff at a time.