Apollo CEO Warns of Economic Slowdown

Marc Rowan, CEO of Apollo Global Management, has raised concerns over the United States potentially experiencing two consecutive quarters of negative growth. This warning comes in light of the recent tariff policies implemented by President Donald Trump, which Rowan claims have significantly slowed down economic activities in the short term.

Criticism and Defense of Tariff Policies

While Rowan supports the Trump administration's broader objectives on trade, he criticizes the execution of these policies. "What the Trump administration is doing on tariffs is right, but the approach is wrong," Rowan stated during his interview with CNBC on Monday. He emphasized the need for a more strategic and coordinated framework to prevent further economic disruption.