Wall Street economists maintained their forecasts for a sharp slowdown in US economic growth and warned recession risk is still elevated despite the Trump administration’s decision this week to delay major tariffs on a wide range of trading partners.

A week of turmoil unleashed by U.S. President Donald Trump's tariffs showed little sign of easing on Friday, with markets again tumbling and foreign leaders trying to work out how to respond to a dismantling of the world trade order.

By Liz Lee, Francesco Guarascio and Jeff Mason BEIJING/HANOI/WASHINGTON (Reuters) - A week of turbulence unleashed by U.S. President Donald Trump's tariffs showed little sign of easing on Friday, with financial markets again whipsawing and foreign leaders grappling with how to respond to a dismantling of the world trade order.

The asset management executive spoke to CNBC's "Squawk Box" about the state of the economy, which has been rattled by tariffs from the Trump administration.

CEO Larry Fink said on Friday that he believes the U.S. economy may already be in a recession or very close to one. Speaking

BlackRock CEO Larry Fink on Friday raised concerns over the possible negative growth of the US economy and a looming recession as the trade war escalates. “I think we’re very close, if not in, a recession now,