BlackRock CEO Larry Fink voiced serious concerns about President Donald Trump’s new tariffs during an appearance on CNBC’s Squawk on the Street on Friday. Fink warned that the tariffs are causing chaos in global markets and pushing the U.S. toward bigger economic problems.
Fink said the U.S. used to be a stabilizing force in the world but has become a “destabilizer” under Trump’s leadership. He blamed the tariffs for driving up inflation and home prices, calling it a “self-inflicted crisis.”
“This is not a pandemic. This is not a financial crisis. This is something that we’ve created,” Fink stated on the show.
BlackRock CEO Larry Fink is in full panic mode over Trump’s new tariffs, warning they’re shaking global markets and pushing the U.S. toward deeper economic trouble.
— Shadow of Ezra (@ShadowofEzra) April 11, 2025
He says the U.S. has gone from being a global stabilizer to a destabilizer under Trump’s leadership.
Fink also… pic.twitter.com/j5bBa8aqtU
The tariffs, which target imports from countries like China and the EU, aim to boost American manufacturing but have sparked fears of a trade war. Fink’s comments come as inflation hits 4.8%—the highest in over a decade—and home prices have jumped 12% in the past year, according to recent reports.
BlackRock, which manages $10 trillion in assets, is feeling the heat from the market uncertainty. Fink’s warning highlights growing tensions between Trump’s trade policies and the concerns of major financial leaders.
The White House insists the tariffs are helping American workers, but with markets shaky and prices rising, many are worried about what’s next for the U.S. economy.
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