Summary

Home Depot co-founder and GOP megadonor Ken Langone blasted Trump’s sweeping tariffs as “bulls–t,” calling the 10% across-the-board rate and country-specific hikes—like 34% on China and 46% on Vietnam—“too aggressive” and poorly calculated.

Langone criticized the administration’s formula, based on trade deficits, as nonsensical.

Other prominent figures, including economists and billionaires like Stanley Druckenmiller, Bill Ackman, and Elon Musk, have also spoken out.

Critics warn the tariffs hinder negotiation and lack sound economic grounding. Langone said Trump is being “poorly advised” on trade policy.

  • Bellingdog@lemmy.world
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    11 days ago

    Sit back, and watch your shit get wrecked by the man you thought you’d purchased.

    That’s the power of the Home Depot.

  • A_Random_Idiot@lemmy.world
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    11 days ago

    “These tariffs are affecting me, there for they are bad and wrong! He should have calculated them in such a way that didnt affect me, personally!”

    • Ænima@lemm.ee
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      10 days ago

      But they never do, nor will they ever have to. They can just sue the company for poor stock performance and then claim the unrealized losses as a tax write-off this year. It’s infuriating. If aliens are real, I hope they can summon the billionaires money in physical form and then drop it on them.

  • inclementimmigrant@lemmy.world
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    11 days ago

    Yeah, founder of home Depot can go fuck himself.

    Also don’t shop at home Depot, he might be gone but the company still donated heavily Republican compared to most other hardware stores outside of Menards.

    • xyzzy@lemm.ee
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      11 days ago

      I hate that I can’t avoid them entirely in my area except for nuts-and-bolts type things, which I go to my local hardware store for. Home Depot and Lowe’s have a monopoly in my area when it comes to most goods, but I had to give up on Lowe’s entirely due to the truly terrible customer experience.

      (Home Depot has a bad customer experience too, but my local Lowe’s is on a different level.)

      • inclementimmigrant@lemmy.world
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        11 days ago

        Yeah, I simply choose bad customer service over more money donated to Republicans.

        Thankfully around me there’s an Ace hardware that is locally owned by people who aren’t publicly political so that’s my go to.

        • xyzzy@lemm.ee
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          11 days ago

          It’s great that you have that option. Really makes it easy for you

  • barneypiccolo@lemm.ee
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    11 days ago

    Unlike HitlerPig, this Sociopathic Oligarch is a smart businessman, and he knows that much of his inventory’s cost is about to double.

    Now he has a Sophie’s Choice - double his retail prices and watch his sales crater, or reduce his profits, OR, the more likely choice, try to walk a tightrope between them, raising costs as much as he can without losing too much business, and absorbing the rest by a reduction in profits.

    Any of those choices are going to have a negative impact on the stock price, and he will be deemed responsible, even though none of it is his fault, and all of it is directly attributable to HitlerPig’s virtuosic dumbassery.

    • MJKee9@lemmy.world
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      11 days ago

      It’s definitely partially his fault. He just thought he wouldn’t be the one getting hurt.

    • Allonzee@lemmy.world
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      10 days ago

      Trump is the result of what the capitalists have done to the population since Reagan.

      If you’re a billionaire who profited off gutting taxes, the commons, schools, etc while propping up for profit media pushing pro business lies like climate change is a hoax to line your own pockets, this is your fault.

      As much bloody murder as Kenny here is crying, he isn’t suffering a tiny fraction enough. He should be in a secured mental health facility to treat his antisocial hoarding disorder for both his and our safety.

      • barneypiccolo@lemm.ee
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        10 days ago

        I often talk about these Sociopathic Oligarchs as mentally ill hoarders. If anybody collected cats like these guys collect money, they’d lock them up, but somehow these deranged people get worshipped for hoarding money they will never, ever need, even at the expense if destroying the entire country.

  • WoodScientist@sh.itjust.works
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    11 days ago

    Those who do not learn from history are doomed to repeat it. Fascists happily use corporate influence to gain power. But once they’ve achieved power, the corporations end up completely subjugated to the state just like everyone else. In Hitler’s Germany, if you ran any kind of major company, the state told you what you were going to produce, when you were going to produce it, and how much you would be paid for it. Any executive who objected found themselves joining the other undesirables.

  • j0ester@lemmy.world
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    11 days ago

    Isn’t this the same guy that wants to charge for parking in Home Depot if you don’t buy something in their store?

    • ByteJunk@lemmy.world
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      10 days ago

      This is standard practice in most supermarkets and even shopping centres that are located in higher density city centers in Europe, because otherwise nobody would be able to find a spot to park…

  • Allonzee@lemmy.world
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    10 days ago

    “Why the fuck are you stupid leopards eating my face?!I bribed good money to have them eat the poories while I laughed!”