Apollo CEO: I don't agree with Warren Buffett on tariffs

Apollo Global Management (APO) CEO Marc Rowan has a antithetic instrumentality connected tariffs than the Oracle of Omaha. (Disclosure: Yahoo Finance is owned by Apollo Global Management.)

"I don't [agree with Warren Buffett connected tariffs being a weapon]," Apollo Global Management chair, co-founder, and CEO Marc Rowan told Yahoo Finance astatine the Milken Institute Global Conference connected Monday.

Buffett spoke retired aggressively connected tariffs astatine the Berkshire Hathaway yearly gathering implicit the weekend, calling them a "weapon." The billionaire capitalist made a lawsuit for escaped trade.

"I deliberation determination are astute tariffs and determination are anserine tariffs. Tariff is conscionable a tool. A limb gives it a governmental discourse oregon different things," Rowan explained.

He added, "They [tariffs] volition surely origin an abrupt adjustment."

Apollo's archetypal 4th results reflected the much volatile backdrop for hazard assets.

Read more: What Trump's tariffs mean for the system and your wallet

Total fee-related gross roseate 16.6% from the year-ago play to $978 million, and adjusted net roseate 8% to $1.85.

But the dispersed income Apollo earned from managing security assets clocked successful astatine $804 million, somewhat abbreviated of expert estimates. Performance-based profits of $14 cardinal were besides shy of estimates arsenic the marketplace backdrop made it tougher to merchantability investments for profits.

The institution said it enactment immoderate $25 cardinal to enactment aft the "Liberation Day" dislocations, mostly successful nationalist indebtedness markets.

Rowan said connected trends he's seeing successful Apollo's immense portfolio of businesses, "We don't deliberation of our portfolio arsenic a US-centric and, to a lesser extent, a European-centric portfolio. On balance, tariffs are benignant of a nonissue. There are winners and losers crossed the portfolio. What we bash see, though, is uncertainty. When you don't cognize what the rules of the crippled are, you halt investing, you halt hiring, you halt making moves."

Read much astir what concern leaders and apical governmental figures are saying astatine the 2025 Milken Institute Global Conference:

• Treasury Secretary Scott Bessent aims to soothe nerves of planetary investors

• Bessent talks tariffs: China is 'biggest piece' of commercialized puzzle