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Billionaire financiers lambast Donald Trump’s tariffs

Alarm at market turmoil prompts even allies of the president to speak out

Ken Langone, the co-founder of Home Depot and longtime Republican donor, has lambasted Donald Trump’s wide-ranging tariffs for being set too high and implemented too quickly.

Langone told the Financial Times the US president was being “poorly advised”, the 46 per cent tariff on Vietnam was “bullshit” and the additional 34 per cent tariff on China was “too aggressive, too soon” and did not give “serious negotiations a chance to work”.

“Forty-six per cent on Vietnam? Come on!” said Langone. “You might as well tell them, ‘Don’t even bother calling.’”

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