Blackstone chief executive Stephen Schwarzman on Wednesday backed U.S. President Donald Trump's tariffs, saying they will boost manufacturing activity in the United States and spur growth in the world's largest economy.

Stephen Schwarzman, Blackstone’s CEO, believes the new US tariff regime could boost growth by attracting foreign investments and revitalizing US manufacturing. He anticipates significant economic expansion driven by increased manufacturing activity.

We're the largest owner of real estate in the country. And we're very bullish on the future of the country,' says Schwarzman

Stephen Schwarzman of Blackstone believes the new US tariff regime could boost American growth and global consumption. He indicates India is well-placed in tariff negotiations and highlights the necessity of infrastructure investment and streamlined project approvals.

Dramatic changes in capital flows are the biggest risk… If every country starts retaliating and becomes an island, then it imperils the global system”

U.S. President Donald Trump's tariffs can boost manufacturing activity in the United States, the world's largest economy, Blackstone Chief Executive Stephen Schwarzman said on Wednesday.