The billionaire tariffs, Donald Trump

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Kane Langon, co -founder of Home Depot and a long time ago the Republican donor penetrated the wide range of a wide range due to its very high position and its implementation very quickly.

Langon told the Financial Times that the US President was “poorly recommended”, by 46 percent. tariff In Vietnam was “nonsense” and the 34 percent additional customs tariffs on China were “very aggressive, very early” and “serious negotiations were given an opportunity to work.”

“Forty -six percent on Vietnam? Come on!” Langon said. “You may also tell them,” don’t even care about calling. “

Linjon He is one of the increasing number of billionaire financiers who publicly criticize the president’s decision to increase customs duties on imports to highlands that have not been seen since the 1930s because they are growing increasingly from the outcome of the resulting market.

Definitions-which are 10 percent global on all countries in addition to individual fees based on “definitions” accounts and commercial restrictions imposed by other countries imposed on the United States, including non-monetary measures and value-added tax tax-to global markets to a tail. Last week, the S&P 500 decreased by about 10 percent.

Investor billionaire Stanley Drukinmeleer, Guide to Treasury Secretary Scott Pesint, Weigh alsoPublishing on x on Sunday: “I do not support the definitions that exceed 10 %.”

Likewise, the donor billionaire, Bill Akman, a supporter of Trump in the 2024 presidential campaign, who described the definitions as “A mistake in the main policy.”

Jim Rogers, who co -founded a quantum box with George Soros, wrote in an email to FT that while “the customs tariff sometimes helped a few people for somewhat short periods”, it is “rarely good for anyone.”

Tesla and the owner of Starlink Elusk, the largest donor in Trump, hit the definitions. On Saturday, Musk called for a “zero position” between the United States and Europe and indicated that Peter Navarro, the chief of Trump’s trading consultant, “was not built.”

In his annual letter to shareholders on Monday, the CEO of JPMorgan Chase Jimmy Damon criticized the measures, and warned of the definitions, “It is possible that it increases inflation and causes a greater possibility of stagnation.”

He added: “The faster this problem is solved, the better, the better because some negative effects increase cumulative over time and it will be difficult to do so.”

Wilber Ross, Trump’s Minister of Trade during his first term, was weighing, and warned that the definitions had an unexpected impact.

Ross told FT: “It is more severe than I expected,” Ross told FT. “Especially the way it affects Vietnam, China, and Cambodia is more extreme than I thought.”

Ross added that companies and investment companies can deal with good news and bad news, but he warned: “It is difficult to deal with uncertainty. Fear of the unknown is the worst for people and we are in a period of extreme fear of the unknown.”

Langon said the “most managed and constructive” approach would have imposed a 10 percent tariff on the plane on imported goods, followed by bilateral negotiations with the countries.

Langon said: “I do not understand the form of the cursed.” “I think he was badly notified by his advisers about this commercial situation – and the formula they apply.”

Ross, who declined to criticize Trump directly, agreed to have problems with the way in which the definitions were calculated. “I also have some doubts about the logic of the formula to calculate the definitions. It is a somewhat unconventional method for measuring definitions.”

He added: “I think the countries that have been negatively affected by the hope that they would advance and thus take a deal quickly.”

“I have a different reading when I do it, how I do it, and of course what breathing I will do. I will not eat everything at a time.”

Trump is expected to wear “in the end” in a series of bilateral meetings.

“I think he will work,” Langon said. “Now, what everyone frightens is an introductory war.”