Blackstone president warns US risks recession without trade deals

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Blackstone President Jonathan Gray warned that US economy is risked as long as Donald Trump could quickly hit commercial transactions, becoming the last boss on Voll Street.

The US President declared 90-day “mutual” sharp “mutual” suspension last week Tariffs: The White House has imposed on most of America’s trade partners, paving the way for negotiations with dozens of countries.

Gray, who controls the investment group everyday actions, says:

Is Blackstone The President added.

Trump’s climb came after aggressive responsibilities, unleashed the market of market turmoil. The US President, who said that more than 70 countries are going to negotiate trade agreements, have held talks with Japanese officials this week.

Grey Great comments JMMorgan Chame’s executive director Jamie Dimon has said that the White House will soon reach “principled agreements” with US trade partners.

Shares and bond markets have stabilized by Trump’s “mutual” tariffs, but the White House has increased China’s responsibilities, as well as deadlines for imports from all countries.

The gray noted that the distributions in the markets have created opportunities for Blackstone, which have 1,2TN dollars for new investments.

Hotspent[You] We need to predict that we are in strengthened instability and uncertainty, but in some cases we see that prices begin to reflect it, and it can create opportunities for us, “he said.

On Thursday, Blackstone reported the results of the first quarter that exceeded Wall Street expectations with analysts as a proxy – $ 1.4 billion to $ 1.4 billion.

During the quarter, the company raised $ 62 billion, its largest cargo transportation in almost three years, with its credit and insurance businesses $ 30 billion.

Led by the chair and chief executive leader Stefan Schwarzman, Blackstone has also collected $ 11 billion for his funds for wealthy investors. About a quarter of the group’s total assets are now managed on behalf of individual investors, almost a decade ago.

This month Blackstone announced the program To create funds through Vanguard and Wellington Management, which have invested in public and private assets and serve rich investors. Blackstone bets that the cutle will help drive its growth in the coming years.