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191

GOP megadonor rages at Trump’s ‘bulls**t’ tariffs (www.thedailybeast.com)

submitted 4 days ago by [email protected] to c/[email protected]

19 comments fedilink hide all child comments

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.

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[–] [email protected] 4 points 3 days ago (1 children)

He worked to build Home Depot and now Trump is using tariffs to pump & dump the stock market for his and his cronies gains. Business owners, who provide product, service or goods are not in on the pump & dump.

So now they are experiencing the leopard first hand.

[–] [email protected] 0 points 3 days ago

For what it's worth it won't matter in the end