The writer is the chair and chief executive of BlackRock
The global economy is in a strange place: we know more about the next seven years than the next seven days.
For nearly two months, I’ve been travelling around the world and hearing the same question: what’s going to happen with tariffs? There are only guesses. The worst-case scenario is bleak: supply shocks, spiralling inflation, economic slowdown. But at this point, the guessing itself has become a commodity, priced in, speculated to death, endlessly churned through headlines.
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