Blackstone Urges End to Tariff Chaos as Exits Stay Muted (2)

Blackstone Inc. President Jon Gray said governments that act swiftly to resolve the uncertainty from new US tariffs will reduce the fallout and bolster investor confidence.

“Faster resolution of the tariff diplomacy will lead to better outcomes for the real economy and markets,” Gray said in an interview ahead of Blackstone’s first-quarter results. It reported muted exits for key businesses during the period as US President Donald Trump’s tariff threats stoked trade tensions.

The trade war has thrust global markets into turmoil, making it even harder for private equity firms to exit investments at favorable prices and dashing the ...