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Billionaires Blast Trump's 46% Tariff: Economic Chaos Ahead?

4/8/2025

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Summary

Story summary

Ken Langone, co-founder of Home Depot, slammed President Trump's hefty 46% tariff on Vietnam as "bulls***," warning of dire economic consequences. He wasn't alone; billionaires like Elon Musk and Bill Ackman voiced their concerns, calling for a more balanced approach to trade negotiations to prevent a looming recession. The stakes are high, and the clock is ticking.

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Story summary

Ken Langone, co-founder of Home Depot, slammed President Trump's hefty 46% tariff on Vietnam as "bulls***," warning of dire economic consequences. He wasn't alone; billionaires like Elon Musk and Bill Ackman voiced their concerns, calling for a more balanced approach to trade negotiations to prevent a looming recession. The stakes are high, and the clock is ticking.