BlackRock CEO warns: Tariff policies may shake the dollar's status, signs of economic recession in the U.S.

Larry Fink, CEO of BlackRock, recently issued a heavy warning, stating that the tariff policy of the Trump administration could trigger two major economic crises simultaneously: weakening the dollar's position as the world's primary reserve currency and pushing the U.S. economy into the abyss of recession. After communicating with several executives from multinational companies, Fink pointed out that business leaders generally reached a Consensus — the U.S. economy has shown early signs of a technical recession.

"The uncertainty brought about by the trade war is destroying corporate investment confidence," Fink emphasized. He specifically pointed out that the triple pressure of manufacturing supply chain restructuring costs, declining consumer confidence index, and shrinking international trade has formed a vicious cycle of economic downturn. This judgment echoes the recent cautious statements from Federal Reserve officials, highlighting the deep concerns of policymakers and the business community regarding the economic outlook.