A trade war is "bad for risk assets" and tariffs bring "dislocation" and "uncertainty," Solomon said, adding that he is not big a fan of the economic cost of tariffs.

"The issue is that the president is using tariffs as a broader agenda," Solomon said in the interview. "There's no question if the president continues to use tariffs for a broader, political agenda, it can have an impact on market activity."

(Reporting by Kanishka Singh in Bengaluru; Editing by Leslie Adler)