PANews reported on April 5 that according to Jinshi, 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. "The market is in considerable turmoil," Wood said of the uncertainty brought about by these measures. She warned that these policies could push the United States into a recession. "We know how he calculated the reciprocal tariffs, but it doesn't seem to make much sense," she said. "We are in the eye of the storm," Wood said. "But if Trump cares about his political legacy - we know he does - or cares about the midterm election campaign season that will begin this fall, then the last period of this rolling recession will give him and the Federal Reserve more freedom to adjust policy."