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The billionaire supporters of President Donald Trump – including Elon Musk – have spoken in recent days when Trump’s radical rates have disrupted the world markets, expressing their concern about Trump’s prices and their probable impact on the economy.
Elon Musk arrives for the inauguration of the American elected president Donald Trump in the American Capitol … More
Key facts
Elon Musk: Tesla CEO shared a video Monday from the economist Milton Friedman touting free trade and the benefits of importing goods and allegedly put pressure on Trump personally so as not to impose the prices, the Washington Post reported on Monday. He also fought with Trump’s best commercial advisor, Peter Navarro, to rent prices – most recently saying that Tuesday Navarro is a “moron” which is “a dumber that a brick bag” – and the brother of Musk (and the member of the board of directors of Tesla) Kimbal Musk criticized the prices as “permanent tax” on the Americans.
Ken Griffin: The founder of the citadel – and the main republican donor – made Monday at an event that Trump prices are a “huge political error”, with Bloomberg, he urged public members to put pressure on Trump to take a step back from the prices and said that he was “really afraid of (in the United States) abdicating our leadership role for the free world”.
Jamie Dimon: The CEO of JPMORGANCHASE published his annual letter to shareholders on Monday morning, which expressed his concerns concerning Trump’s prices, claiming that even if there are “legitimate reasons” to impose them, they will probably increase inflation and oblige a lot to consider a greater probability of recession “and to express concerns concerning continuous uncertainties in terms of Trump prices and “Will affect America.
Bill Ackman: The Head Fund manager is a long -standing supporter of Trump, but has expressed his concerns about the President’s prices, the Balustrade against Trump Howard Lunick Trade and the way the Trump administration calculated the prices and calls on Tuesday for the White House to issue a world break of 30, 60 or 90 Citizens.
Daniel Loeb: While Loeb said in February that he thought that Trump’s initial prices in Mexico and Canada would not harm the stock market, the hedge fund manager has spoken out against Trump’s more radical policy, sharing a position on Monday which noted stock market chaos is “exactly” and sharing tariff criticisms by the Billinaire Ken Griffin and Sen.Ted.
Larry Fink: The CEO of Blackrock suggested to the New York Economic Club on Monday that “the economy is weakening when we speak” and the market could fall by 20% still from the place where it is now following Trump prices, CNBC reports. Fink suggested that the United States was “probably in recession at the moment”, but it still expressed a certain optimism as to the long-term perspectives of the economy, saying: “in the long term, it is in fact more an opportunity for purchase than a sales opportunity” and “the vitality of the United States will persist”.
Joe Lonsdale: The co -founder of Palantant said on X that he had concerns about prices even if he understands where “some” of the Trump administration “come”, and shared an article on the tariffs of the founder of Viahart Molton Hart on Monday, claiming that the Hart’s argument that “prices are structured in the wrong way” by finished products and components.
Ken Langone: The co -founder of Home Depot and Gop Megadonor told the Financial Times that he thought that Trump had “been poorly advised by his advisers on this commercial situation” and criticized the way the prices were calculated – saying: “I do not understand the Goddamn formula” – affecting the FT, it would have been “more manageable and certainly more constructive” for the beginning of Trump to 10% basis on prices on advantages.
Ray Dalio: Dalio, who heads the largest hedge fund company in the world, Bridgewater Associates, wrote on Monday that prices are based on a “rupture of the main monetary, political and geopolitical orders”. He has always expressed his concern about Trump’s prices and their “practicality”, however, telling CNBC on Tuesday that he “agrees (s) with the problem”, prices aim to repair: “I am very concerned about the solution”.
Stanley Druckenmiller: The long -standing hedge fund manager Stanley Druckenmiller expressed some optimism about the prices in an interview with CNBC, which describes them as “least two ailments” compared to an income tax – although an unaccompanied social media account belongs to Druckenmiller has responded to a clip of his interview on Sunday, which does not support 10%. “.
Large number
More than $ 10 billion. This is how the 10 main billionaires of Trump lost on the stock market only on Thursday, while the shares plunged into the immediate consequences of the announcement of Trump’s Wednesday price. This is only a fraction of the total of $ 270 billion that was suffered on the world billionaires on Thursday, Forbes calculated, with the meta-PDG Mark Zuckerberg, the chief of Amazon Jeff Bezos, the founder of Oracle Larry Ellison and Musk among those who were the hardest shot.
Tangent
Musk’s brother Kimbal Musk called Trump on Monday, “the most fiscal president in generation”. “Thanks to his pricing strategy, Trump implemented a structural and permanent tax on the American consumer,” said Tesla’s shareholder on X.
What does Trump said?
Trump broke his heels on his prices and doubled several times, even if they stimulated chaos on the markets. “The United States has a chance to do something that should have been done decades ago,” Trump posted on Trum on Monday morning concerning the prices. “Don’t be weak! Don’t be stupid! Do not be a panican (a new party based on weak and stupid people!). Be strong, courageous and patient, and grandeur will be the result!” The president firmly defended his prices to journalists from the oval office on Monday, saying that they are “the only chance that our country will have to reset the table” in terms of American trade with other countries, and that if other presidents would not be willing to impose such controversial image.
Will Trump make his prices back?
Trump suggested that it was open to negotiating with other countries on their prices, saying on Monday that discussions with other countries would begin “immediately” and told journalists that it was open to concluding “fair contracts” with other countries that put “America first”. The secretary of the Treasury, Scott Bessent, also said that Trump would negotiate with other countries – starting with Japan – but suggested that these negotiations could take some time, telling Fox affairs on Monday that all the countries approaching the Trump administration on the conclusion of transactions mean “it will be an occupied April, perhaps, perhaps until June”. The White House denied information published Monday suggesting that the administration was considering a 90 -day break, however, denouncing the rumor as “false news”, and Trump said on Monday that he “did not look” in unilaterally pauses. The congress could also cancel Trump’s prices, and bipartite legislation has been introduced which would require prices that the president wishes to impose to be approved by the congress. This legislation remains a long time to go from now on and the president of the Mike Johnson Chamber, R-La., Would have urged the Republicans in the House to support Trump’s policy, although some GOP legislators already support legislation, and others could follow Trump’s prices continue to wreak economic ravages. Multiple proceedings have also challenged Trump’s authority to promulgate prices, potentially with another major legal challenge this week of business groups this week, although it remains to be seen how they will take place.
Key
Trump announced his pricing policy on Wednesday at a “liberation day” event, taking prices of 10% and increasing imports from almost all foreign countries, even uninhabited. The prices are holding a long-standing promise of the president to impose radical prices in order to restore manufacturing in the United States and to punish other countries for allegedly unjust commercial practices, which Trump has pushed despite the long warning of economists that this would increase the prices of American consumers and harm the economy. Critics of billionaires on Trump’s prices occur after dozens of the president in the November elections. More than 50 billionaires expressed their support for Trump and that the billionaires channeled millions in his campaign, even though the present-president made scanning prices a signature board of his platform.
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