Cathie Wood: Trump Could Adjust Tariff Policy for Midterm Elections

BlockBeats News, April 5th. Cathie Wood, Founder and CEO of Ark Investment Management, warned on Friday that Trump's new tariffs could tip the U.S. into a recession. She said, referring to the uncertainty brought by these measures, "The market is in considerable turmoil, and these policies could tip the U.S. into a recession. We know how he calculates reciprocal tariffs, but it doesn't seem to make much sense. We are at the epicenter of the storm. But if Trump cares about his political legacy - and we know he does - or cares about the midterm election campaign season starting this fall, then the tail end of this rolling recession will give him and the Fed more leeway to adjust policies." (Golden Finance)