Bloomberg Talks Apollo Global Management's Marc Rowan Talks Tariffs and Trade
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May 5, 2025 
Marc Rowan, CEO and co-founder of Apollo Global Management, shares insights on the complexities of U.S. tariffs under the Trump Administration. He argues that tariffs can be a necessary strategy amid current economic uncertainties. Rowan delves into the potential recession's nuances, the U.S.-Mexico trade relationship, and how global trade dynamics affect U.S. capital markets. He highlights the importance of strategic investment choices in today's market, especially considering rising geopolitical risks and inflationary pressures.
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Tariff Strategy and Uncertainty
- The administration's goal on tariffs is justified despite how it is implemented.
- Uncertainty from trade disputes is causing businesses to delay investment and hiring.
Strong Economy Meets Labor Shortage
- The U.S. economy is strong with low unemployment and good job growth.
- Immigration constraints and labor shortage may limit growth despite capital inflows.
Focus Trade Talks with Neighbors
- Resolve trade issues first with Mexico and Canada to strengthen U.S. economic position.
- Tackle trade agreements country by country to rebuild economic momentum effectively.