Apollo Global Management CEO Marc Rowan warned the United States could see two consecutive quarters of negative growth, referencing the impact of President Donald Trump's tariff policy. In an interview with CNBC on Monday, Rowan said the tariffs "have ground things to a halt in the short term."

While Rowan defended the administration's broader goal on trade, he criticized the execution. "What the Trump administration is doing on tariffs is right, but the approach is wrong," he noted, suggesting a more strategic and coordinated framework is needed to avoid economic disruption.