Another billionaire is publicly criticizing Trump’s tariffs. Investor Ken Fisher said on X that the tariffs are “stupid, wrong, arrogantly extreme, ignorant trade-wise and addressing a non-problem with misguided tools”. Fisher added that “the fear is bigger than the problem” and that “as near as I can tell it will fade and fail”.
Fisher joins other business leaders, including billionaire Bill Ackman and JPMorgan’s Jamie Dimon, in openly criticizing the tariffs.
BlackRock CEO Larry Fink said Monday that many business leaders believe the United States economy is already in a significant downturn. “Most CEOs I talk to would say we are probably in a recession right now,” Fink said at an event for the Economic Club of New York. “One CEO specifically said the airline industry is a proverbial bird in a coal mine — canary in the coal mine — and I was told that the canary is sick already,” Fink added.
CEOs Think The U.S. is 'Probably in a Recession Right Now,' Says BlackRock's Larry Fink
The U.S. Chamber of Commerce, which represents millions of U.S. businesses big and small but which is heavily funded by industry titans, has been weighing taking the tariff battle to the courts and is being urged to do so by some of its largest members. The move would effectively provide cover for companies distressed about the tariffs’ impact on their businesses but fearful of incurring the President’s wrath by openly criticizing his trade policy.
Exclusive: US Chamber of Commerce Considering Suing Trump Over New Tariffs | Fortune
