According to online reports, according to Jin Chao, Cathy Wood, founder and CEO of Ark Investment Management, warned on Friday that Trump's new tariffs could push the U.S. economy into recession. "The market is in considerable turmoil," Wood said of the uncertainty created by the measures. She warned that these policies could push the United States into recession. "We know how he calculates reciprocal tariffs, but it doesn't seem to make much sense," she said. "We are in the center of the storm," Wood said. But if Trump cares about his legacy--as we know he does--or about the mid-term election campaign season that begins this fall, the final stretch of this rolling recession will give him and the Fed more freedom to adjust policy."