geteilt von: https://europe.pub/post/159443

cross-posted from: https://lemmy.world/post/27935573

Summary

Home Depot co-founder and GOP megadonor Ken Langone blasted Trumpā€™s sweeping tariffs as ā€œbullsā€“t,ā€ calling the 10% across-the-board rate and country-specific hikesā€”like 34% on China and 46% on Vietnamā€”ā€œtoo aggressiveā€ and poorly calculated.

Langone criticized the administrationā€™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 ā€œpoorly advisedā€ on trade policy.