BlackRock CEO Larry Fink warns of recession amid Donald Trump’s tariffs: ‘I think we’re very close…’ | Company Business News
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BlackRock CEO Larry Fink on Friday raised concerns over the possible negative growth of the US economy and a looming recession as the trade war escalates.“I think we’re very close, if not in, a recession now,” Fink said in an interview with CNBC.As US President Donald Trump announced reciprocal tariffs on April 2, fears of economic slowdown arose along with a sell-off in the stock market. On Wednesday, Trump declared a 90-day pause on tariffs, which will not help much to restore the US economy, according to Fink.“I think you’re going to see, across the board, just a slowdown until there’s more certainty. And we now have a 90-day pause on the reciprocal tariffs — that means longer, more elevated uncertainty,” he said.Also Read| BlackRock CEO Larry Fink caught by surprise at breadth of Trump’s tariffsLarry Fink's long-term outlook on US economyAccording to Fink, the US economy is at risk in the short run, while he pinned hopes on artificial intelligence and advanced infrastructure to pro...