Impact of Tariffs on US Growth

Marc Rowan, CEO of Apollo Global Management, has raised concerns about the United States potentially experiencing two consecutive quarters of negative growth. This warning comes in the wake of the economic disruptions caused by President Donald Trump's tariff policies. "Tariffs have ground things to a halt in the short term," Rowan stated during his interview with CNBC on Monday.

Criticism and Support for Trade Policies

While Rowan supports the Trump administration's broader objectives in trade, he critiques the execution of its tariff strategy. "What the Trump administration is doing on tariffs is right, but the approach is wrong," he explained. He advocates for a more strategic and coordinated framework to mitigate economic disruptions and foster growth.