TechFlow news, April 5 — According to Jinshi Data, Ark Investment Management CEO and founder Cathie Wood warned on Friday that Trump's new tariffs could push the U.S. economy into recession. Speaking about the uncertainty brought by these measures, Cathie Wood said: "The market is in considerable turmoil." She cautioned that these policies might lead the U.S. into a downturn. "We know how he calculates reciprocal tariffs, but this doesn't seem to make much sense," she said.
Cathie Wood added: "We are at the eye of the storm. However, if Trump cares about his political legacy—we know he does—or about the midterm election campaign season starting this fall, then this final phase of rolling recession would give him and the Fed more freedom to adjust policy."
