Because, having spent many years building global supply chains, for multinational firms having spent many years assuming they can organise their global activities on the basis of a fixed regime, that is now in question.
All I 7 / 11  BIS central bankers' speeches  can say is, no matter the identities of who is making the decisions, in itself the uncertainty is a problem. And then in itself, if the final outcome is essentially increasing frictions in the world economy, that’s not welcome from an investment point of view. So let’s see what happens.