On April 5th, Cathie Wood, founder and CEO of Ark Investment Management, warned on Friday that Trump's new tariffs could push the US economy into a recession. When discussing the uncertainty brought by these measures, she said: "The market is in considerable turmoil, and these policies could push the United States into a recession. We know how he calculates reciprocal tariffs, but this seems to make little sense. We are at the center of the storm. However, if Trump cares about his political legacy - we know he does - or cares about the midterm election campaign season that begins this coming fall, then the final stage of this rolling recession will give him and the Federal Reserve more freedom to adjust policies."