Blackstone Group CEO: Don't make a "knee-jerk reaction" to Trump's tariff farce, and suggest waiting for the results of potential negotiations

This article is machine translated
Show original

According to ChainCatcher, Jon Gray, the president of Blackstone Group, warned investors not to make a "knee-jerk reaction" to Trump's tariff drama, but instead suggested waiting to see the potential negotiation results. He stated: "Have a little patience." "Observe the evolution of this tariff diplomacy and make investment decisions over a longer period. I believe that during such a period, the danger is that if you do something short-term, you will miss opportunities."

As Trump is almost daily deciding on new tariff policies, the market is anxious about the economic impact of a comprehensive trade war. Gray said: "I think you must take a step back. The government can react, they can decide how to make concessions, and then ultimately end up in a different situation."

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Followin logo