Prominent figures who previously supported President Donald Trump are now voicing concerns over his tariffs, which have caused global market turmoil. Barstool Sports owner Dave Portnoy, hedge fund manager Bill Ackman, and Tesla CEO Elon Musk are among those expressing doubts about the tariffs set to take effect.
Portnoy, who has lost millions due to the market plunge, plans to stick with Trump but acknowledges the risks involved. Despite his support for Trump, Portnoy is now questioning the impact of the tariffs on the economy.
Similarly, Ackman warned of an “economic nuclear winter” if Trump continues with the tariffs, criticizing the administration’s approach. Ackman’s concerns highlight the potential risks of the tariffs on the economy.
Even Elon Musk, a key adviser to Trump, has expressed skepticism about the tariffs, pointing out that a zero-tariff situation would be beneficial. Musk’s comments contradicted those of White House trade adviser Peter Navarro, leading to a public exchange of criticism.
These critics’ voices add to a growing chorus of skepticism surrounding Trump’s tariff policies, highlighting the economic uncertainty caused by the administration’s decisions.
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