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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BX:
- Blackstone evaluates options for Witherspoon’s Hello Sunshine, Reuters says
- Blackstone (BX) Stock Sings its Heart Out as it Rebrands $3B Music Rights Business
- Clearwater Analytics to acquire Beacon and Blackstone’s Bistro
- Unemployment ticks up, Broadcom reports AI-powered earnings: Morning Buzz
- Blackstone raises $8B commercial property debt fund, WSJ says