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.
Trumps entire economic “plan” was to levy massive sweeping tariffs. He wouldnt shut up about it during the campaign, Harris kept warning that he was really going to do it, Trump kept insisting he was going to do it when surrogates attempted to soften his stance and now he is actually doing it. How stupid do you have to be to think he wasnt going to do the key part of his agenda?