As markets fluctuate, economists express divided opinions on the effects of tariffs. William Lee, Chief Economist at the Milken Institute, defends tariffs as essential to U.S. restructuring. In contrast, Peter Boockvar, Chief Investment Officer at Bleakley Financial Group, warns of recession risks attributed to trade tensions. This debate illustrates the complexity of economic policy decisions and their implications for the financial markets. Investors must remain attentive to these conflicting viewpoints as they shape market sentiment.