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[ Fri, May 23rd ]: Reuters
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ARK Invest's Cathie Wood calls Trump tariffs 'shock therapy' that could clear the way for freer trade and economic stimulus

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After Treasury Secretary Scott Bessent appeared to take the lead on trade negotiations, Wood turned bullish on the president's tariff regime.
Cathie Wood, the founder and CEO of ARK Invest, has expressed her belief that former President Donald Trump's proposed tariffs could serve as a form of "shock therapy" that might ultimately lead to freer trade and economic stimulus. In an interview with Fortune, Wood argued that while tariffs could initially disrupt markets, they might prompt countries to negotiate better trade deals, potentially leading to more open trade policies. She also suggested that the economic shock from tariffs could pressure the Federal Reserve to adopt more accommodative monetary policies, thereby stimulating the economy. Wood's perspective contrasts with many economists who view tariffs as detrimental to global trade and economic growth.

Read the Full Fortune Article at:
[ https://fortune.com/2025/04/14/ark-invest-cathie-wood-trump-tariffs-shock-therapy-freer-trade-economic-stimulus-fed/ ]