Apollo CEO Highlights Economic Concerns

Marc Rowan, CEO of Apollo Global Management, has issued a stark warning about the US economy's future. In a recent CNBC interview, Rowan suggested that the United States might experience two consecutive quarters of negative growth. He attributed this potential downturn to the immediate effects of President Donald Trump's tariff policies, stating they "have ground things to a halt in the short term."

Criticism and Defense of Trade Policies

While Rowan supports the Trump administration's broader objectives on trade, he critiqued the execution of its tariff strategy. "What the Trump administration is doing on tariffs is right, but the approach is wrong," Rowan remarked. He advocated for a more strategic and coordinated framework to mitigate economic disruptions and achieve long-term goals.