Fink Says Trump Tariffs Went Way Beyond His Imagination (1)

BlackRock Inc. Chief Executive Officer Larry Fink said he was caught by surprise at the breadth of President Donald Trump’s tariffs last week on many countries, including key US trading partners.

“The sweeping US tariff announcements went beyond anything I could have imagined in my 49 years in finance,” Fink said on a call on Friday with analysts after the company reported first-quarter financial results.

The president imposed the steepest tariffs in a century on April 2, sparking markets to sell off around the globe. On April 3 and 4, the S&P 500 Index had its steepest ...