Billionaire Stanley Drekimeller says it does not support excessive definitions as Trump’s markets of rock war
The investor, billionaire Stanley Drukinseller, reiterated his opposition to excessive definitions in the aftermath of President Donald Trump, who imposes mutual tariff rates of 54 %.
Druckenmiller He says In a post on the X social media platform it “does not support the tariffs that exceed 10 %.”
The former hedge fund manager says he took his position on the customs tariff “very clear” in an interview with CNBC about two months ago. At that time, Druckenmiller He said The definitions of up to 10 % would help the United States raise revenues.
“In an ideal world, I will not be a 10 % tariff, but we are not in an ideal world. As you know, we have a big financial problem – compulsory spending in addition to the expenses of benefits is 100 % literally of revenues at the present time. Both side of the corridor said it is not about to reduce dues, which is loyal to the room.
Because, we need payment payments. Therefore, our main options are income tax and consumption tax, such as a tariff. So when I say that the definitions are the least of the two parties in terms of these, because we have a financial problem, we need revenues. Definitions will generate revenue.
We also have a special savings problem in this country – it’s very low. So I think many economists who raise alarm bells about the definitions may be fine with consumption tax.
For me, definitions are just a consumption tax that foreigners pay for each other. Now, there is a risk of revenge. But as long as we remain in a 10 % range and I think the so -called Donald Trump’s fear, I think the risks are exaggerated for bonuses. The rewards are not high, they are more like they are the least conditional. “
Last week, President Trump signed an executive order imposing a 10 % tariff on all imported goods entering the United States. He also issued an advertisement showing a “mutual tariff” on dozens of specific countries, as of April 9, with a total rate of up to 54 % on China.
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