Dr. Phosphorous
Platinum Member
- Sep 3, 2024
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Trump is losing support for his disastrous tariffs very quickly. The billionaires are deserting the mentally ill imbecile and this just isn't to end well for him.
If things get bad enough, there will be enough Republicans who will be willing to vote against Trump to end his tariffs. --
As the world reels from President Donald Trump’s trade war, JPMorgan Chase CEO Jamie Dimon is alerting shareholders that the tariffs will “slow down growth.” Podcaster Ben Shapiro is warning that the president’s vision of international trade is “mistaken.” And Sen. Ted Cruz (R-Texas) is advising that the tariff strategy carries “enormous risk.”
Trump’s tariffs are increasingly alienating some of the corporate titans, influencers and even Republican lawmakers who served as his boosters, as the president plows ahead with a trade strategy that has prompted wild swings in the markets. The criticism is an early sign that the economic turmoil caused by his trade war could leave lasting political scars for Trump, who doubled down on the strategy by threatening new tariffs against China on Monday morning.
The chiding marks a departure from the general acquiescence among Trump’s allies during the first 2½ months of his shock-and-awe presidency. Influential leaders in many spheres largely remained silent or cautiously supported the White House as it slashed the federal workforce, strained alliances with Europe and unleashed an immigration crackdown during the first 70 days in office.
Bill Ackman, a billionaire hedge fund manager who endorsed Trump after the July assassination attempt, wrote on X on Sunday that going ahead with the new tariffs was tantamount to launching an “economic nuclear war.” He pressed the White House to slow down and institute a pause on the levies.
“This is not what we voted for,” he wrote.
If things get bad enough, there will be enough Republicans who will be willing to vote against Trump to end his tariffs. --
As the world reels from President Donald Trump’s trade war, JPMorgan Chase CEO Jamie Dimon is alerting shareholders that the tariffs will “slow down growth.” Podcaster Ben Shapiro is warning that the president’s vision of international trade is “mistaken.” And Sen. Ted Cruz (R-Texas) is advising that the tariff strategy carries “enormous risk.”
Trump’s tariffs are increasingly alienating some of the corporate titans, influencers and even Republican lawmakers who served as his boosters, as the president plows ahead with a trade strategy that has prompted wild swings in the markets. The criticism is an early sign that the economic turmoil caused by his trade war could leave lasting political scars for Trump, who doubled down on the strategy by threatening new tariffs against China on Monday morning.
The chiding marks a departure from the general acquiescence among Trump’s allies during the first 2½ months of his shock-and-awe presidency. Influential leaders in many spheres largely remained silent or cautiously supported the White House as it slashed the federal workforce, strained alliances with Europe and unleashed an immigration crackdown during the first 70 days in office.
Bill Ackman, a billionaire hedge fund manager who endorsed Trump after the July assassination attempt, wrote on X on Sunday that going ahead with the new tariffs was tantamount to launching an “economic nuclear war.” He pressed the White House to slow down and institute a pause on the levies.
“This is not what we voted for,” he wrote.
