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.

  • Allonzee@lemmy.world
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    6 days ago

    “Why the fuck are you stupid leopards eating my face?!I bribed good money to have them eat the poories while I laughed!”

  • boolean_sledgehammer@lemmy.world
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    6 days ago

    Every goddamn conservative parasite in this country needs to carry the stain of Trump until the day they die. Any time any one of these blubbering fucks tries to speak they need to be reminded of what their diseased worldview got us.

    Don’t argue with them, don’t attempt to reason with them, just remind them how badly they absolutely fucked everything from here on out.

  • SpiceDealer@lemmy.dbzer0.com
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    6 days ago

    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.

    Well, you should’ve thought about that before you donated money to him.

    Megadonor? More like Mega-simp.

  • j0ester@lemmy.world
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    7 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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      6 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…

      • chatokun@lemmy.dbzer0.com
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        6 days ago

        I get that, but I’ve gone to Home Depot to buy something expensive(in room ac), listed on their site as available, only to find none when I got there. I wouldn’t want to pay parking for what amounts to false advertising.

        • ByteJunk@lemmy.world
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          6 days ago

          Oh I’ve had this happen, and the staff were attentive and asked me if I needed them to validate my parking.

          It really depends where this is coming from, if its a global policy for all stores even if they don’t need it, it’s a dick move. If they apply it to only the stores where parking is a big issue, I can understand.

  • Itdidnttrickledown@lemmy.world
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    7 days ago

    Tough luck rich guy. You wanted it so you could go back to your fantasy of the past. Now he is shitting on you like he promised to do and you helped pay for it. schadenfreude

    • Tryenjer@lemmy.world
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      I find it particularly funny that he says Trump is being “poorly advised” on trade policy. You are already at the stage where the Czar is never to blame, it always falls on the Noble advisors at his imperial court.

      • bampop@lemmy.world
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        7 days ago

        I see it more like saying his handlers ought to be handling him better. Maybe the people who Trump is supposed to serve are having trouble with that. I do hope so. If his wealthy backers turn against him, he won’t last long.

      • AA5B@lemmy.world
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        6 days ago

        I swear I saw an undertaker measuring Musk for the casket. Even he’s got to realized he’s being set up as the fall guy. Before the year is out, he’ll be propped up for display in the town square for everyone to revile (and be distracted from the real fascist).

        FIGURATIVELY

  • TipRing@lemmy.world
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    6 days ago

    Trumps entire economic “plan” was to levy massive sweeping tariffs. He wouldnt shut up about it during the campaign, Harris kept warning that he was really going to do it, Trump kept insisting he was going to do it when surrogates attempted to soften his stance and now he is actually doing it. How stupid do you have to be to think he wasnt going to do the key part of his agenda?

  • tigeruppercut@lemmy.zip
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    8 days ago

    These kinds of people could lose 90% of their wealth and nothing material would change in their lives (ok maybe after they drop down to mere 100 millionaire status they’d have to sell the mega yacht). It’s hilarious to see people like this getting upset because “number went down”, when they could just choose to not be upset about it-- they’re literally too broken in their brains to be happy.

    • barneypiccolo@lemm.ee
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      7 days ago

      They have mental illness - OCD and Hoarding.

      If I collected old newspapers, or cats, or old vehicles, etc., far beyond what anyone would consider normal, I’d be called a hoarder, and people around me would try to get me medical attention.

      But when these people do the same thing with money, they are practically worshipped, and they are encouraged to hoard more, and use their money to change the laws to get them even more money to hoard. Imagine someone who is hoarding hundreds of cats, and actively breeding more of them. NOBODY would encourage it, they would take the cats away, and find them new homes, and get psychatric treatment for the hoarder.

      We need to treat billionaires like the financial hoarders that they are. Take away their hoard, and discourage hoarding behavior in the future, for the same reasons that we would remove the cats - because it’s bad for society.

    • oxysis@lemm.ee
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      8 days ago

      But they need their 16th new mega yacht this week!!!

      /s

      • angrystego@lemmy.world
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        7 days ago

        I don’t think it’s just about possessions for them, it’s about power, influence. If he get’s slightly poorer, he may no more be able to buy politicians and make them do what he wants.

        • gonzo-rand19@moist.catsweat.com
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          6 days ago

          You can buy a US congressperson for as little as $10-15k depending on the state, so that really can’t be it. Check OpenSecrets for confirmation.

    • Phil_in_here
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      7 days ago

      That’s the goal. Burn down the forest and scoop all the assets of the businesses that died.