Trump Tariff Policies Face Doubts from Influencers, GOP Lawmakers

As President Trump's tariffs take effect, several prominent supporters, including Barstool Sports owner Dave Portnoy, hedge fund manager Bill Ackman, and Elon Musk, are expressing skepticism about the policy. Portnoy, who has suffered significant financial losses due to market reactions, questioned the effectiveness of the tariffs on his 'Davey Day Trader' livestream, while emphasizing his continued support for Trump. Additionally, influential conservative commentator Ben Shapiro criticized the tariff rollout and its purported economic benefits, deeming them 'problematic.' In Congress, Republican lawmakers are voicing concerns about potential backlash from constituents as U.S. Trade Representative Jamieson Greer defended the administration's strategy, stating there are no plans for tariff exemptions soon. Senator Thom Tillis expressed deep skepticism about the tariffs' impact, indicating a sense of urgency for the administration to rectify the situation before the upcoming midterms. Overall, the growing dissent among Trump's allies signals unease regarding the economic consequences of the tariff policies.