Hey everyone! A wave of concern is sweeping through corporate America as renewed aggressive US tariff policies send shockwaves through the business world. Billionaire hedge fund manager Bill Ackman warned that these measures could turn into an "economic nuclear war," even calling for a 90-day pause on new tariffs to ease tensions. 🛑
Wall Street heavyweights aren’t sitting pretty either. Larry Fink of BlackRock mentioned that many CEOs now believe the US economy might already be in a recession. With the benchmark S&P 500 index plummeting by 10.5% and wiping out about $5 trillion in market value, investors are on edge. 📉
Recent surveys from CBIZ and Hofstra University reveal that over half of mid-sized business CEOs are seriously worried about tariff impacts, and nearly 72% are delaying investment decisions. This trend highlights a broader caution among companies amid uncertain global trade dynamics.
Despite growing alarms, the Trump administration remains steadfast in its tariff-first approach, with Trump once saying, "Sometimes you have to take medicine." For young, tech-savvy professionals tuning in from South and Southeast Asia, these developments underline how global policies can ripple into local markets. Stay informed and keep an eye on how these economic moves might impact you!
Reference(s):
cgtn.com
