Trump's Tariffs: Even His Biggest Supporters Are Calling Them 'Bulls---t'

2025-04-08 12:14:50.347

Ken Langone, billionaire Home Depot founder and a veteran GOP campaign donor, has unleashed a scathing critique of the Trump administration's wide-scale tariffs, labeling them as "bulls---t." He voiced his concerns to the Financial Times, stating that he doesn't understand the underlying formula and believes the President has received poor advice. Langone specifically cited the 46% tariff on Vietnamese goods and the 34% tariff on Chinese goods as excessively aggressive, suggesting a more measured approach starting with a 10% tariff and followed by bilateral negotiations. He's not alone in his criticism; other prominent financial figures such as Bill Ackman, Jamie Dimon, and Stanley Druckenmiller have also expressed reservations about the tariffs' potential negative economic consequences, warning about the risk of a global trade war and the possibility of increased inflation and slower economic growth.