Intel CFO Warns Trump Tariffs Raise Recession Risk as Trade Volatility Clouds Forecasts

Intel CFO David Zinsner warned that Trump’s tariffs and potential retaliation from other countries have heightened recession risks, according to CNBC. He cited volatile trade policies and regulatory uncertainty as key factors increasing the likelihood of an economic slowdown. Intel beat first-quarter expectations, boosted by customer stockpiling ahead of tariffs. However, weaker revenue and profit guidance led to a drop of over 5% in the company’s stock during extended trading. Intel forecasted $11.2 billion to $12.4 billion in current-quarter revenue, with CFO David Zinsner attributing the unusually wide range to tariff-related uncertainty.