Prominent investor Cathie Wood is sounding the alarm on President Donald Trump‘s tariff policies, warning they could hamper economic growth while simultaneously creating opportunities for innovative companies.
What Happened: “Tariffs are tax increases, and tax increases are bad for economic growth,” said Wood, CEO and CIO of Ark Invest, in recent comments addressing what she called “tariff turmoil.”
Wood, popularly known for leading ARK Innovation ETF (NYSE:ARKK), cited research from economist Arthur Laffer, who argues that trade deficits aren’t inherently problematic since they represent capital surpluses, with foreign dollars flowing back into U.S. investments.
The global market has experienced significant volatility since Trump imposed 145% tariffs on Chinese imports earlier this month, prompting Beijing’s 125% retaliatory tariffs on …