Stephen Schwarzman, Blackstones 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.

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.

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

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. tariffs could push allies to forge closer relationships with other countries like China and India, according to former U.S. diplomat Wendy Cutler.

Speaking to Moneycontrol, Schwarzman said Blackstone is the world’s largest developer and owner of data centres and sees significant growth in the segment.