According to Golden Finance, Cathy Wood, founder and CEO of Ark Investment Management, warned on Friday that Trump's new tariffs could put the U.S. economy in recession, according to Golden Ten data. "The market is in a considerable turmoil," Wood said of the uncertainty brought by these measures, warning that these policies could put the United States in recession. "We know how he calculates the peer tariffs, but that doesn't seem to make much sense," she said. "We are at the center of the storm. But if Trump cares about his political legacy — we know he cares about — or cares about the midterm campaign season that will begin this fall, the final period of this rolling recession will give him and the Fed more freedom to adjust policies."