Bill Ackman hedge fund billionaire (58) He made a drastic comment. Donald Trump's tariff policy resembles an economical atomic war against the remainder of the world: if the president of the United States does not come to his senses and announce a 90-day break in negotiations, the US economy is threatened with "self-made atomic winter". Director-General JPMorgan Jamie Dimon (69), who warned against inflation and recession in the US, was as restrained as the hedge fund manager Daniel Loeb (63), who criticised “technical and conceptual errors” in Trump's tariff policy.
Ryan Cohen (39), the CEO of the Gamestop video game store, expressed more bluntly on Tuesday. A staunch Republican and longtime supporter of Trump already wrote last week that Trump's tariff policy "pulls him to the Democratic camp". Now Cohen added, “I can’t wait to buy my iPhone for $10,000 produced in the US,” said Cohen. Even before the introduction of fresh customs duties on imports from China, there was a rally on iPhones in the USA, as customers expected crucial price increases. The fresh duties have a direct impact on Gamestop: according to the Wall Street diary nipponese game maker Nintendo has already announced that he will examine his export to the USA. "46 percent on imports from Vietnam? What's all this about? You might as well tell them they don't gotta call us anymore."
Co-founder of the giant trading tools Home Depot, Ken Langone (89), he besides chooses clear words. The president of the United States has acted “unreasonably” by presenting a tariff formula: a work of 46 percent on imports from Vietnam is simply a “dumb” – Langone outraged. “46 percent? What is all this about? You might as well tell them they don't gotta call us anymore."
According to the Financial Times Langone has been supporting the Republican organization as a donor for years. With respect to the fresh duties on imports from China of 34 %, Langone criticized them, claiming they were “too aggressive” and introduced “too fast”. There is no anticipation of serious negotiations with China.
"There is nothing incorrect with returning," he commented Farooq Kahwari , head of the American furniture group Danbury. As a passionate mountaineer, he knows what he says: “If you climb a cliff besides fast, your lungs will have problems.”
Even Trump's advisor and Tesla's boss Elon Musk (50) opposed Trump's tariff plans and proposed the creation of a free trade area between the EU and the US – a extremist alternate to Trump's ideas that have not yet been heard.
Dalia sees a structural problem
Founder of Bridgewater Associates, Ray Dalia (75), he besides expressed "serious concern" about Trump's tariff policy. He agrees with the U.S. President's assessment that the U.S. has a production problem and does not produce. But there is “a structural problem about whether we can produce”.
As he said in an interview with CNBC, he was very worried "about the solution – about the practicality of the solution". He believes Trump's current plan will increase costs for companies and reduce revenue, and this will "severely disrupt production worldwide".
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