Trump’s Tariffs Spark Recession Fears: Cathie Wood Warns of $5 Trillion Market Loss

Cathie Wood, CEO of ARK Investment Management, has warned that President Trump’s new tariffs could push the U.S. towards a recession. This warning comes amidst significant market volatility, with stock prices plummeting by over $5 trillion and major tech companies like Tesla and Apple experiencing substantial declines in their stock values. These impacts are being felt across sectors, with ARK Invest’s ETFs recording notable losses.