Even wealthy Americans who supported Trump are now angry — tariffs have “burned” billions

On April 2, U.S. President Donald Trump imposed tariffs of 10–50% on 180 countries. They officially came into effect on April 9. The tariffs were calculated based on America’s trade balance with each individual country — essentially signaling the start of a trade war.

As a result, global financial markets “fainted”:
📉 the dollar dropped,
📉 cryptocurrencies fell,
📉 stocks crashed.

This hit not only foreign economies but also America’s richest businesspeople. Now even they are openly criticizing Trump’s policies.

Elon Musk: “You can’t build a Tesla without cheap parts!”
Elon Musk recently posted several insulting comments on X directed at Trump’s trade advisor Peter Navarro. Navarro called Musk an “auto assembler” who depends on cheap foreign parts. Musk replied:

“Tesla is the leading U.S. automaker in terms of using domestic parts,” he emphasized.

Musk tried to persuade Trump to ease the tariffs but failed.

Even long-time Trump allies are turning away
Some of Trump’s closest backers are now voicing opposition to the tariff policy:

Ken Langone, Home Depot co-founder: “I don’t understand this damn formula. Tariffs on Asia are too high. This won’t help negotiations.”
Ken Fisher, Fisher Investments: “These tariffs are foolish, wrong, extreme, and ignorant — trying to fix a non-existent problem the wrong way.”
Stanley Druckenmiller, billionaire and mentor to current Treasury Secretary Scott Bessent: “Tariffs shouldn’t exceed 10%.”
Wilbur Ross, former Commerce Secretary under Trump: “I have doubts about the logic behind the formula.”

“We’re losing our reputation!” — Ackman
Billionaire Bill Ackman, who supported Trump, called on X for a 90-day moratorium on the tariffs:

“If we launch an economic nuclear war, businesses will freeze, consumers will stop spending, and America’s global reputation will suffer.”

“Tariffs are a major political mistake”
Ken Griffin, founder of Citadel hedge fund:

“A U.S. family making $50,000 per year will now pay 20–40% more for groceries, a vacuum, or a new car. Even if jobs return to America — it’ll take decades.”

Jamie Dimon, JPMorgan CEO, wrote to shareholders:

“Tariffs will cause inflation and slow growth. They could also threaten U.S. alliances — including military ones.”

Bloggers and crypto investors also suffered
Cryptocurrencies fell too. Blogger Edin Ross, who once gifted Trump a Tesla Cybertruck:

“Bitcoin’s down, Ethereum’s down. My portfolio dropped $10 million. Damn it, bro…”

But Portnoy still supports Trump
Sports blogger and investor Dave Portnoy lost $20 million but said:

“Am I regretting it? No. Am I crying that I didn’t vote for Kamala? No.”

Trump’s tariff policy is now hurting not only his critics but also his supporters. Billionaires, investors, bloggers — all are losing. The real question is: Will this bring jobs back to America, or just lead to economic disaster?