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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    5 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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      4 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…