"Sister Wood" said that Trump's tariffs could plunge the U.S. into recession.

Jin10 data, April 5 - Cathie Wood, founder and CEO of Ark Investment Management, warned on Friday that Trump's new tariffs could push the U.S. economy into recession. Wood mentioned the uncertainty brought by these measures, stating, "The market is in quite a bit of turmoil." She warned that these policies could lead the U.S. into recession. She said, "We know how he calculates reciprocal tariffs, but it doesn’t seem to make much sense." Wood added, "We are at the eye of the storm. However, if Trump cares about his political legacy - we know he does - or is concerned about the midterm election campaign season starting this fall, then this last phase of rolling recession will give him and The Federal Reserve (FED) more freedom to adjust policies."