Cathay Wood weighs Trump’s “tariff disorder” and the potential economic impact: “If President Trump cares about his legacy …”

Cathy Woodchief executive officer Ark InvestOn Friday, this president warned Donald Trump The new customs tariff can push the American economy to stagnate, but it has been optimistic that innovation and smart policy can lead to recovery.

What happened: During the “Friday Employment” session, Wood analyzed the possible effects of the newly imposed definitions of Trump, which includes a 10 % global tariff on all imports and definitions specified for the country, including 34 % on China and 26 % in India.

“The markets are in a state of disturbances a little,” Wood said. She warned that these policies could push the United States to recession, adding,

See also: Tesla and other American robotics giants require a federal strategy to compete with the $ 138 billion China batch – America’s warning will lose the race without it

“We know how he calculated his novel from reciprocity, but it doesn’t seem very logical,” she said.

However, Wood also expressed his hope that with the right strategic policies, such as tax cuts and disruption, the economy can settle and grow in the end. She also referred to the lessons learned from the 2008 financial crisis, as it began to recover the market in late 2008 despite the extensive financial disturbances.

Share the video x He said that the current situation can be considered a possible turning point.

“Innovation is gaining traction in difficult times,” she said, referring to how companies and consumers are often more willing to adapt and change when facing economic uncertainty.

She pointed to technological developments in artificial intelligence, Blockchain, and robots as main factors that can help increase recovery.

“We are in the eye of the storm,” Wood said. “But if President Trump is interested in his legacy – which we know that he – or the election campaign season in the middle of the period, which will start this fall, the last station of this circulating recession gives it and the federal reserve degrees more freedom.”

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Why do it matter: He saw the stock market a A sharp decrease on FridayWith the S& P 500 climbing the value of $ 5 trillion after Trump announced the sweeping tariffs on Wednesday.

The Nasdaq Stock Exchange has officially entered the bear market, where more than 20 % of its peak decreased at all.

Federal Reserve Chairman Jerome Powell Note on the sudden scale of Trump’s definitions, warning that it may lead to an increase in inflation and the decline in economic growth. Meanwhile, JP Morgan raised its projection of stagnation, as an estimated possibility of 60 % by the end of the year.

Friday, the previous Microsoft CEO Steve Palmer He also expressed concern that the newly imposed definitions can provoke global instability and harm consumers.

On the other side, Jpmorgan analyst Thomas Kennedy The views of definitions are possible Long -term change driverOn the pretext that they refer to the end of the era of globalization.

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Disintegration: This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Beenzinga editors.

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