Republican Megadonor Rips 'Bullsh*t' Trump Tariffs: 'I Don't Understand the Godd*mn Formula' [View all]

Source: MEDIAite

Apr 7th, 2025, 8:36 pm


Home Depot founder Ken Langone said he does not see the logic of the tariffs implemented by President Donald Trump last week.

In an interview with The Financial Times published on Monday, Langone let fly on the measures, which impose a minimum 10% tariff on virtually all imports. However, the president singled out dozens of countries for much higher tariffs, which are paid by companies that import the goods. Those higher costs are subsequently passed on to consumers. Markets have reacted bearishly over the last three trading sessions and have lost trillions in value as concerns about a recession are rampant.

Langone told the Times that Trump is being “poorly advised” and homed in on the 46% tariff Trump placed on Vietnamese products, calling them “bullshit.” The billionaire said the president did not seem to give “serious negotiations a chance to work.”

“Forty-six per cent on Vietnam? Come on!” said the 89-year-old. “You might as well tell them, ‘Don’t even bother calling.’”

Read more: https://www.mediaite.com/trump/republican-megadonor-rips-bullsht-trump-tariffs-i-dont-understand-the-goddmn-formula/