BlackRock CEO Larry Fink disagreed that tariffs would help ordinary Americans. (Al Drago/Bloomberg News)

BlackRock Chief Executive Larry Fink says he was surprised by the extent of President Trump’s ‘Liberation Day’ tariffs announced last week.

“The sweeping tariff announcements went further than I could have imagined in my 49 years in finance,” Fink said after BlackRock reported quarterly results Friday.

Despite the sharp volatility that has followed, Fink said trading has been orderly and he’s optimistic on the long-term capital market outlook.