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.

  • j0ester@lemmy.world
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    7 days ago

    Isn’t this the same guy that wants to charge for parking in Home Depot if you don’t buy something in their store?

    • ByteJunk@lemmy.world
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      6 days ago

      This is standard practice in most supermarkets and even shopping centres that are located in higher density city centers in Europe, because otherwise nobody would be able to find a spot to park…

      • chatokun@lemmy.dbzer0.com
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        6 days ago

        I get that, but I’ve gone to Home Depot to buy something expensive(in room ac), listed on their site as available, only to find none when I got there. I wouldn’t want to pay parking for what amounts to false advertising.

        • ByteJunk@lemmy.world
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          6 days ago

          Oh I’ve had this happen, and the staff were attentive and asked me if I needed them to validate my parking.

          It really depends where this is coming from, if its a global policy for all stores even if they don’t need it, it’s a dick move. If they apply it to only the stores where parking is a big issue, I can understand.