CoinVoice has learned that according to Jin10, Cathie Wood, founder and CEO of Ark Investment Management, warned on Friday that Trump's new tariffs could push the U.S. economy into recession. Wood said about the uncertainty brought by these measures: "The market is in quite a bit of turmoil."

She warned that these policies could plunge the U.S. into recession. She said, "We know how he calculates reciprocal tariffs, but it doesn't seem to make much sense." Wood said, "We are in the eye of the storm. However, if Trump cares about his political legacy — we know he does — or cares about the midterm election campaign season starting this fall, then the final stretch of this rolling recession will give him and the Fed more freedom to adjust policy." [Original link]