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Your guide to what the second period of Trump means to Washington, business and the world
Sir Richard Branson has made harsh criticism of Donald Trump’s definitions, and warned that the economic policies of the US President are risking “to cause a lot of damage.”
founder Virgin Group Trump’s “irregularly unpredictable” policies were “very difficult for companies to deal with”, after Washington announced a wave of definitions and commercial barriers earlier this month that shook global markets.
Virgin Group has an investment portfolio that includes stakes in a group of companies, including travel, entertainment and communications.
Branson said on Wednesday: “If we took Virgin, our cruise ships were prosperous, our flight was prosperous, and our health clubs were full … It is still fine, but you just feel,” Branson said on Wednesday.
The US government revealed earlier this month a series of Definitions On the goods imported from its commercial partners, which threatened to disable global trade.
Trump announced 90 days stopped In some of the most difficult measures after days, after a major sale on the market, but also ignited a trade war with Beijing by raising fees on most Chinese goods to 145 percent.
“It is unfortunate because everything was bloody even about three months,” said Branson.
The billionaire has been speaking as his long -standing flight specialist Virgin Atlantic launched a new daily road to his head in Saudi Arabia from Heathrow Airport in London.
The airline, owned by 51 percent by Group, is flying most of its passengers between the United Kingdom and the United States, and is largely exposed to a possible contraction in the Atlantic flying.
Saya Weiss, CEO of Virgin Atlantic, said on Wednesday that some passengers were delayed in the reservation due to uncertainty.
But he said that the weakness of the US dollar, which fell in a reaction to the Trump tariff, could help encourage British travelers to reserve holidays in the United States.
Virgin Atlantic warned earlier this month that she had seen signs Request for more softness From the United States who reserve customers to travel to Europe, one of the first signs of slowdown in the demand for via Atlantic flying.
The number of European travelers visiting the United States She fell sharply Since political and economic tension has joined fears of the most hostile border policy, the Times has already been.
On Wednesday, Virgin Atlantic announced the launch of flights to South Korea from 2026, where its roads expanded to Asia. “While Transatlantic Travel is still essential for our business, we are very excited to expand our network in the East,” said Joe Yuhafinn, chief trading official.
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