McKinsey Chief Says Global Clients Are Rethinking US Market

Companies are giving more consideration to opportunities outside the US because of policy upheaval under the Trump administration, said McKinsey & Co. Global Managing Partner Bob Sternfels.

Business leaders are concerned about being “vulnerable” to tariffs and other shifts to US economic and geopolitical positions, Sternfels said Tuesday at an event hosted by the Boston College Chief Executives Club, citing conversations with the consulting firm’s clients. That’s leading some companies to reevaluate opportunities in Southeast Asia, Europe and the Gulf region of the Middle East, he added.

“That won’t be a good thing for the US economy going forward ...