BlackRock Inc. Chief Executive Officer Larry Fink said he was caught by surprise at the breadth of President Donald Trump’s tariffs last week on many countries, including key US trading partners.

BlackRock CEO Larry Fink said Friday he was blindsided by the scope of President Donald Trump’s sweeping tariffs — and joined other Wall Street bigwigs in warning that a trade war could push the economy into recession.

Even people who make a living from predicting the markets can’t predict everything. Larry Fink, the longtime CEO of BlackRock (BLK), said on a Friday call with analysts that he was surprised by President Donald Trump’s “Liberation Day” tariffs last week.