Summary
Home Depot co-founder and GOP megadonor Ken Langone blasted Trumpās sweeping tariffs as ābullsāt,ā calling the 10% across-the-board rate and country-specific hikesālike 34% on China and 46% on Vietnamāātoo aggressiveā and poorly calculated.
Langone criticized the administrationās 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 āpoorly advisedā on trade policy.
I find it particularly funny that he says Trump is being āpoorly advisedā on trade policy. You are already at the stage where the Czar is never to blame, it always falls on the Noble advisors at his imperial court.
I see it more like saying his handlers ought to be handling him better. Maybe the people who Trump is supposed to serve are having trouble with that. I do hope so. If his wealthy backers turn against him, he wonāt last long.
I swear I saw an undertaker measuring Musk for the casket. Even heās got to realized heās being set up as the fall guy. Before the year is out, heāll be propped up for display in the town square for everyone to revile (and be distracted from the real fascist).
FIGURATIVELY