The ongoing tariff debate has stirred unease among some of President Trump’s prominent allies, including Elon Musk, Bill Ackman, Joe Rogan, and Dave Portnoy. As tariffs begin to cause volatile drops on the stock market, figures like Ackman suggest a pause on tariffs, warning of a potential ‘self-induced economic nuclear winter’ that could hurt low-income Americans the most.
Elon Musk, the wealthiest man in the world and a close Trump adviser, has not held back on social media. He took to X to critique the president’s chief trade advisor, Peter Navarro, dismissing his Harvard economics credentials as detrimental. In a notable post, he shared a classic video of economist Milton Friedman, highlighting the cooperative nature of global markets and underscoring free-market principles.
Portnoy, founder of Barstool Sports, coined the term “Orange Monday” as stocks struggled, suggesting Trump’s tariffs are wreaking havoc on the economy. Reporting a hefty loss of $7 million in his investments, he expressed confusion over tariff calculations while acknowledging his support for Trump amid this turbulent period.
Joe Rogan, a vocal Trump supporter among younger audiences, recently condemned the administration’s tariffs with Canada as “ridiculous,” questioning the rationale behind the dispute. He feels this approach could lead to unnecessary economic strain.
President Trump retaliated against the rising concern among his supporters, suggesting they stop panicking. He dismissed fearful sentiments among allies, branding them as “PANICANS,” and urged them to maintain strength and patience for eventual greatness to ensue.
Top Trump allies express increasing concern over the impact of tariffs on the economy, as figures like Bill Ackman warn of a looming economic crisis. Elon Musk criticises economic advisor Peter Navarro, while Dave Portnoy coins ‘Orange Monday’ to mark significant market losses. Joe Rogan calls the conflicts over tariffs ‘ridiculous’. Despite growing dissent, Trump urges his supporters to remain strong amidst market turmoil.
The article captures growing tensions among Trump’s allies regarding ongoing tariffs, highlighting concerns from influential figures like Musk and Ackman. As stock markets react negatively, voices such as Portnoy and Rogan echo worries about the economic impact. Despite this dissent, Trump remains unwavering in his defence of the tariffs, dismissing fears as weakness. The situation is evolving, with high stakes and uncertain outcomes for all involved.
Original Source: www.usatoday.com
