BlackRock CEO Larry Fink recently issued a stark warning, stating that the Trump administration's tariff policy could trigger two major economic crises: undermining the dollar's status as the world's primary reserve currency and pushing the U.S. economy toward the brink of recession. After discussions with several multinational executives, Fink pointed out that business leaders have generally reached a consensus—early signs of a technical recession are already evident in the U.S. economy.
"The uncertainty brought by the trade war is destroying business investment confidence," Fink emphasized. He specifically noted the triple pressure of restructuring costs in manufacturing supply chains, declining consumer confidence index, and shrinking international trade, which have formed a vicious cycle of economic downturn. This assessment resonates with recent cautious statements from Federal Reserve officials, highlighting the deep concerns of policymakers and the business community about the economic outlook.
