Dave Portnoy criticizes Trump over tariffs, stock losses
Dave Portnoy criticizes Trump over tariffs, stock losses

Dave Portnoy criticizes Trump over tariffs, stock losses

News summary

Dave Portnoy, founder of Barstool Sports, has publicly criticized Donald Trump over the economic impact of recent tariffs, which he claims have led to significant personal financial losses. Initially supportive of Trump, Portnoy expressed frustration after losing $7 million due to market fluctuations, which escalated to a $20 million loss he dubbed 'Orange Monday.' He criticized Trump's focus on golfing while the stock market plummeted, calling it inappropriate given the economic turmoil. Portnoy also took issue with conservative commentators for downplaying the tariffs' effects and urged them to acknowledge the situation honestly. Despite his losses, Portnoy has stated he will continue to support Trump for now, hoping for a positive turnaround. He emphasized that Trump's tariff decisions are directly responsible for the market's downturn, marking a notable shift in his previously unwavering support.

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Last Updated
9 days ago
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