A group of billionaires was present in the inauguration of Donald Trump on January 20, all excited and adulating the president. However, their enthusiasm has decreased significantly since Trump imposed his tariff package last week.
Some prominent names expressed harsh criticism:
- Larry Fink, Blackrock CEO, the world’s largest active manager, and Ken Langone, founder of Home Depot, the largest building retailer, called the new tariffs “bullshit” (Bosta de Boi).
- Elon Musk, who has a great influence on the government, also spoke out against measures.
Bill Ackman, an investor billionaire and political activist, classified tariff policy as a serious mistake.
On Monday (7), these voices were added to that of the JPMorgan CEO, the world’s largest bank, which publicly warned of Trump’s risk leading to the American economy-and perhaps global-to a recession.
So far, Trump has publicly ignored the criticisms of these mogates, powerful and influential figures from the financial world. However, the melting of global bags is already beginning to affect sectors such as retail, industry, small businesses, inflation, interest rates and employment.
The question is: How long will it take for these complaints to become a drop in popularity, unhappy voters and a disappointed population?
What Trump has done so far is equivalent to a geopolitical suicide as it is reducing – and not increasing – the power of the United States. With all these ingredients, it can also become a political suicide.
