Billionaires who once supported President Donald Trump are now reversing course after Trump's tariff announcement shook the stock market.
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00:00Since Donald Trump announced sweeping tariffs across all nations, including ones that aren't
00:04even inhabited by humans, trillions of dollars of market value have been vaporized from the
00:07stock markets, and the billionaires who have seen their portfolios and net worth hit the hardest
00:11are starting to push back. Ken Langone, the billionaire co-founder of Home Depot and a
00:15large GOP donor, said, quote, I don't understand the goddamn formula, end quote, about how the
00:20tariffs were created. Ken Griffin, the billionaire founder of Citadel, said at a University of
00:24Miami event this week that it was a huge policy mistake to roll these tariffs out. Billionaire
00:28investor Stanley Drunkenmiller wrote on X that he doesn't think any tariffs should be above
00:3110%. Meanwhile, JPMorgan Chase CEO Jamie Dimon, who in January told CNBC in an interview that
00:37people worried about economic pain from tariffs should, quote, get over it, wrote in his annual
00:41letter that America first policies does not mean American alone policies. Dimon did not
00:46specifically name Trump in his letter, but he did note that America's security would be
00:50in danger if it were to break off all of its trade relationships.
00:58Oh, I'm out of the way.
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