BlackRock CEO Larry Fink warned on Monday that most chief executives would say the U.S. economy is currently in a recession. Why it matters: Fink, who has extensive CEO contacts as head of the world's largest asset manager, is the latest billionaire to acknowledge the risks of economic turmoil from President Trump's trade wars.

And we now have a 90-day pause on the reciprocal tariffs — that means longer, more elevated uncertainty," Fink said Friday. Despite his concerns about the economy, the BlackRock CEO said he did not think the U.