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If President Trump Cares About His Legacy, Cathie Wood Weighs In On Trump's Tariff Turmoil And Potential Economic Impact

Benzinga's Take: President Trump's tariffs have been a hot topic of discussion in the financial community, and Cathie Wood, the founder and CEO of Ark Investment Management, is no exception. In a recent interview with CNBC, Wood shared her thoughts on the potential impact of Trump's tariffs on the economy, as well as the president's legacy.

According to Wood, the tariffs are likely to have a negative impact on the economy, particularly on smaller companies and consumers. She cited the example of a company that imports goods from China, which would be forced to pay higher tariffs on those goods. This, in turn, could lead to higher prices for consumers, which could have a negative impact on consumer spending and overall economic growth.

Wood also expressed concern about the potential long-term impact of Trump's tariffs on the economy. She noted that the tariffs could lead to a trade war, which could have a lasting impact on the economy. She also expressed concern about the potential impact on the stock market, noting that the tariffs could lead to a decline in stock prices.

Despite her concerns about the tariffs, Wood believes that the president's legacy will ultimately be defined by the state of the economy when he leaves office. She noted that the economy has been strong during Trump's presidency, and that the president's policies have helped to boost economic growth. However, she also expressed concern that the tariffs could have a negative impact on the economy, which could ultimately define Trump's legacy.

In conclusion, Cathie Wood believes that the tariffs will have a negative impact on the economy, particularly on smaller companies and consumers. She also expressed concern about the potential long-term impact of the tariffs on the economy and the stock market. Despite her concerns, she believes that the president's legacy will ultimately be defined by the state of the economy when he leaves office.