this post was submitted on 09 Apr 2025
91 points (96.9% liked)

Leopards Ate My Face

6313 readers
631 users here now

Rules:

Also feel free to check out [email protected] (also active).

Icon credit C. Brück on Wikimedia Commons.

founded 2 years ago
MODERATORS
 

cross-posted from: https://feddit.org/post/10522239

geteilt von: https://europe.pub/post/159443

cross-posted from: https://lemmy.world/post/27935573

Summary

Home Depot co-founder and GOP megadonor Ken Langone blasted Trump’s sweeping tariffs as “bulls--t,” calling the 10% across-the-board rate and country-specific hikes—like 34% on China and 46% on Vietnam—“too aggressive” and poorly calculated.

Langone criticized the administration’s formula, based on trade deficits, as nonsensical.

Other prominent figures, including economists and billionaires like Stanley Druckenmiller, Bill Ackman, and Elon Musk, have also spoken out.

Critics warn the tariffs hinder negotiation and lack sound economic grounding. Langone said Trump is being “poorly advised” on trade policy.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 10 points 2 weeks ago

Maybe this guy should stop complaining and just start short selling the market, like all Trump's other buddies. /s