WASHINGTON (AP) — As President Donald Trump’s tariffs roil world markets, among the thought leaders and influential podcasters who backed the Republican’s marketing campaign are voicing doubts.
Barstool Sports activities proprietor Dave Portnoy, hedge fund supervisor Bill Ackman and even Elon Musk are including their voices to various congressional Republicans who’ve weighed in in opposition to the tariffs set to take impact on Wednesday.
This is a take a look at a few of what they’ve mentioned:
Dave Portnoy
“Welcome to Orange Monday,” Portnoy mentioned on his “Davey Day Dealer” monetary livestream, simply earlier than markets opened this week, saying there’s “no political agenda” to his commentary, aside from to generate profits.
After final week’s market plunge, Portnoy mentioned he had misplaced $7 million “in shares and crypto,” a determine he estimated on Monday was seemingly nearer to $20 million, or as much as 15% of his internet price.
However, Portnoy has mentioned, he plans to stay with Trump, whom he has referred to as “a wise man.”
“I believe they’re smarter than me in relation to these tariffs. I additionally assume he’s enjoying a high-stakes sport right here,” Portnoy mentioned final week on his livestream. “I’m gonna roll with him for a pair days, a pair weeks, see how this pans out.”
Based by Portnoy in 2003 as a free sports activities and playing newspaper, Barstool has grown right into a digital platform protecting sports activities, way of life, and leisure, with a whole lot of hundreds of thousands of followers. Portnoy has been a loyal Trump supporter since first endorsing him in 2016, interviewing the president on the White Home in 2020.
Joe Rogan
Rogan, one of many nation’s most influential podcasters who endorsed Trump on the eve of final 12 months’s election, mentioned in March that Trump’s feud with Canada was “silly” and bemoaned the truth that Canadians “booed us over tariffs” throughout skilled sporting occasions that includes groups from each international locations.
Rogan has not too long ago damaged with Trump in different areas, together with over wide-ranging deportations, referring to a current operation to detain immigrants as “horrific.”
Simply weeks earlier than Election Day, Rogan taped a nearly three-hour podcast interview with Trump, a possibility for the Republican nominee to spotlight the hypermasculine tone that outlined a lot of his 2024 White Home bid.
Invoice Ackman
The professional-Trump hedge fund supervisor warned Sunday on X that “we’re heading for a self-induced, financial nuclear winter” except Trump took a extra deliberate strategy, likening the total tariff activation “financial nuclear battle.”
In one other put up later Sunday, Ackman assailed Commerce Secretary Howard Lutnick as “detached to the inventory market and the financial system crashing.” The following day, Ackman apologized for his criticism claiming that Lutnick — beforehand the top of the monetary agency Cantor Fitzgerald — may benefit from the tariffs due to its bond investments.
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