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BlackRock CEO Raises Concerns Over Potential U.S. Recession
BlackRock CEO Raises Concerns Over Potential U.S. Recession
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Larry Fink, CEO of BlackRock, the world’s largest asset manager, believes that the American economy may already be in a recession due to the impact of Donald Trump’s tariff policies. Fink expressed his concerns during an interview with CNBC, stating that the 90-day moratorium on certain reciprocal tariffs is prolonging a period of harmful uncertainty for the economy. This claim comes amid significant instability following Trump’s imposition of a flat 10% import tax on all goods entering the United States. The potential recession could have implications for the global economy and the cryptocurrency market.
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