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'Volatility and conflict’: Business leaders sound warnings over Trump's tariffs

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President Donald Trump 's trade tariffs are a major concern among U.S. and international business leaders.

Bridgewater founder Ray Dalio warned of "fighting" between countries over the duties.

Salesforce CEO Marc Benioff described reciprocity between countries as "good" if they treat each other the same way.

Former U.K. Prime Minister David Cameron said he was concerned about the simmering trade war.

China 's domestic consumption "needs a boost" thanks to "tariffs and geopolitics," Alibaba's Joe Tsai said.

China 's average effective U.S. duty on Chinese goods is set to reach 33% , according to Nomura estimates.

Tsai is "glass half full" about Trump 's trade policy.