Ken Langone tears Trump’s prices ‘Buldsh * T’: “I don’t understand”

Founder of Home Depot Ken Langone said he does not see the logic of the prices implemented by the president Donald Trump Last week.

In an interview Financial time Published on Monday, Langone left the measures, which impose a minimum rate of 10% at practically all imports. However, the president has distinguished dozens of countries for much higher rates, which are paid by companies that import goods. These higher costs are subsequently transmitted to consumers. The markets have reacted in a lower way in the last three trading sessions and have lost thousands of billions of dollars, as concerns about a recession are endemic.

Langone said to Times The fact that Trump was “poorly advised” and was on the 46% price that Trump put on Vietnamese products, calling “bullshit”. The billionaire said that the president did not seem to give “serious negotiations a chance to work”.

“Forty-six percent on Vietnam?” Come on!” said the 89 -year -old man. “You might as well say to them:” Don’t even get called. “”

He later added that an more sensible approach would be to take a 10% rate from all imports and subsequently engage in head-to-head talks. Langone has taken a particular problem with the figures used by the Trump administration to justify its prices.

“I don’t understand the fucking formula,” he said. “I think he was poorly advised by his advisers on this commercial situation – and the formula they apply.”

On Wednesday, by unfolding the prices, Trump organized tables indicating that various countries had imposed major rates on American products.

For example, the table said there was an EU “price” on American goods of 39%. In 2024, the United States exported $ 370.2 billion to the EU, according to the office of the US trade representative. Meanwhile, the United States imported $ 605.8 billion in the EU, which means that the United States has led a trade deficit with the EU of $ 235.6 billion. The administration took the deficit (235.6 billion dollars) and divided it by the amount of EU imports (605.8 billion dollars), which gives a figure of 38.89%, which the administration has rounded up to 39% and called a “tariff” even if it is not a price.

In response, Trump imposed a price on EU products at around half of the figure of 39%. He has reproduced this approach from dozens of countries with which the United States manages a trade deficit.