Trump Tariffs News Live: Joe Rogan and Dave Portnoy are among the Trump backers now questioning his tariff policies
As President Donald Trump’s tariffs continue to stir turmoil in global markets, some prominent figures who once supported his campaign are now expressing doubts. Dave Portnoy, founder of Barstool Sports, hedge fund manager Bill Ackman, and even Elon Musk have joined a growing number of Republicans in voicing concern over the tariffs, which are set to take effect on Wednesday.
Portnoy, on his “Davey Day Trader” livestream, admitted to significant financial losses, estimating his losses at up to $20 million due to the market slump. Despite this, he remains loyal to Trump, noting, “I think they’re smarter than me when it comes to these tariffs,” and saying he’ll give it a few weeks to see how the situation unfolds.
Joe Rogan, the influential podcaster, has distanced himself from Trump’s trade war, calling the feud with Canada “stupid” and criticizing the impact of tariffs on relations between the two countries. Rogan has also opposed Trump on other issues, such as immigration.
Bill Ackman warned of a potential “economic nuclear winter” due to the tariffs, citing risks to the country’s economic progress. Elon Musk, meanwhile, criticized the tariffs for increasing costs at Tesla, advocating for a zero-tariff zone between Europe and North America, despite pushback from Trump’s trade adviser, Peter Navarro.