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Blackstone President: Prolonged Mkt Turmoil Could Trigger Tariff Domino Effect
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Uncertainty in global tariff policies could further intensify market turmoil, Jon Gray, President of Blackstone Group (BX.US), commented, warning that U.S. President Donald Trump’s trade policies may shake the financial system; the longer volatility persists, the greater the likelihood of errors triggering a domino effect.

Market turbulence could lead to counterparty risks in financial transactions and unexpected risks from leverage, he predicted, while suggesting resolving the current uncertainty swiftly would have a positive impact on markets.

Related NewsCore PPI MoM for Mar in United States is -0.1%, lower than the previous value of 0.1%. The forecast was 0.3%.

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