Apollo Global Management CEO Marc Rowan Raises Economic Concerns

In a revealing interview with CNBC, Marc Rowan, CEO of Apollo Global Management, expressed concerns over the United States potentially experiencing two consecutive quarters of negative growth. He attributed this looming economic challenge to the immediate impacts of President Donald Trump's tariff policies, stating they have "ground things to a halt in the short term."

Support for Trade Goals, Critique on Execution

While Rowan stands in support of the administration's overarching objectives on trade, he did not shy away from criticizing the method of implementation. "What the Trump administration is doing on tariffs is right, but the approach is wrong," Rowan remarked. He advocates for a more strategic and coordinated framework to mitigate economic disruptions and ensure long-term stability.