The CEOs of Blackstone (BX) and Goldman Sachs (GS) say there are upsides to President Donald Trump’s policies, even as he forges ahead with import tariffs that have fueled fears of a slowdown in the U.S., The Wall Street Journal’s Guy Chazan reports. Blackstone CEO Steven Shwarzman, chief executive of Blackstone, told reporters in India on Wednesday that the tariffs would, “at the end of the day,” lead to a significant increase in manufacturing activity in the U.S., which “tends to be a good thing for the world.” Meanwhile, Goldman CEO David Solomon said that the business community “understands what the president is trying to do with tariffs,” though he is seeking more “certainty” on the Trump administration’s policy agenda.
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