this post was submitted on 09 Apr 2025
62 points (97.0% liked)

Economics

1077 readers
4 users here now

founded 2 years ago
 

Summary

Trump’s recent tariff hikes have triggered a sharp market downturn, prompting backlash from wealthy former allies.

Billionaires like Dan Loeb, Bill Ackman, and Ken Griffin have condemned the policy shift, citing financial losses and economic instability.

JPMorgan CEO Jamie Dimon warned tariffs could isolate the U.S. and slow growth. Home Depot’s Ken Langone questioned the tariff logic, while Stanley Druckenmiller opposed rates over 10%.

Investors feel powerless amid volatility driven by political decisions, not fundamentals.

all 7 comments
sorted by: hot top controversial new old
[–] kata1yst@sh.itjust.works 25 points 10 months ago

If only they could have anticipated the candidate that promised mass deportations, extensive weaponized tariffs, and has a known habit of not paying debt and bankrupting successful businesses would be bad for the economy!

[–] pdxfed@lemmy.world 10 points 10 months ago

Businesses and billionaires need "certainty" in the boardroom. It's why they support Republican candidates who focus on "the economy".

I hope they choke in the absolute certainty they're being delivered. Such a classic golden goose allegory.

[–] DogPeePoo@lemm.ee 4 points 10 months ago

Ken Griffin is a financial terrorist.

Jamie Dimon is a financial terrorist.

Bill Ackman is a fucking weasel cunt.

[–] ChicoSuave@lemmy.world 2 points 10 months ago

Blame Ron Vara