- cross-posted to:
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- cross-posted to:
- [email protected]
- [email protected]
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.
Unlike HitlerPig, this Sociopathic Oligarch is a smart businessman, and he knows that much of his inventory’s cost is about to double.
Now he has a Sophie’s Choice - double his retail prices and watch his sales crater, or reduce his profits, OR, the more likely choice, try to walk a tightrope between them, raising costs as much as he can without losing too much business, and absorbing the rest by a reduction in profits.
Any of those choices are going to have a negative impact on the stock price, and he will be deemed responsible, even though none of it is his fault, and all of it is directly attributable to HitlerPig’s virtuosic dumbassery.
It’s definitely partially his fault. He just thought he wouldn’t be the one getting hurt.