Steve Cohen says tariffs and DOGE’s cuts are negative for economy, market correction could be soon

he turned bearish for the first time in a while after President Donald Trump’s aggressive trade policy made him worry about inflationary pressures and lower consumer spending.

“Tariffs cannot be positive, okay? I mean, it’s a tax, it’s definitely a period where I think the best gains have been had and wouldn’t surprise me to see a significant correction.”