Billionaires Slam Trump's Tariffs Amid Market Turmoil

Prominent financial figures including Elon Musk, Jamie Dimon, Bill Ackman, and Stanley Druckenmiller have strongly criticized President Donald Trump’s expansive global tariffs, which have led to significant stock market declines. Dimon, CEO of JPMorgan Chase, warned about the long-term negative effects on America's economic alliances, while Ackman called the tariffs a potential 'economic nuclear winter' and a 'mistake', urging for a strategic pause to avoid further economic strain. Druckenmiller, along with other Wall Street leaders, expressed concerns about the inflationary risks posed by the tariffs, noting that tariffs above 10% are particularly detrimental. The backlash from these influential investors underlines the growing anxiety within the financial community over the tariffs' potential to damage the US economy and global trade relations. Despite initial support for Trump, these leaders are now voicing their concerns, highlighting the policy's negative impact on business confidence and investment strategies.