Squawk on the Street
Volatile Week: U.S.-China Tariff Showdown, Big Bank Earnings, BlackRock CEO Fink "First on CNBC" 4/11/25
Apr 11, 2025
Larry Fink, CEO of BlackRock, the world’s largest asset manager, shares his insights on the escalating trade tensions between the U.S. and China, particularly the staggering 125% tariffs on American goods. He delves into the implications for inflation and market volatility, urging companies to navigate this uncertain landscape. Discussions also revolve around the recent strong earnings from big banks and concerns about a potential recession, emphasizing the critical need for strategic adaptation in these turbulent times.
42:58
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Quick takeaways
- The escalating U.S.-China tariff war, with tariffs soaring to 125% on U.S. goods, imposes significant barriers to international trade.
- CEOs are adopting cautious strategies amid economic uncertainty, echoing past challenges, as they navigate market volatility and operational resilience.
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