David Einhorn criticizes Trump's tariffs, warns of more Fed rate cuts in 2025

From StockTwits: 2025-04-11 14:44:00

Veteran equity manager David Einhorn warned that President Donald Trump’s tariff policies would lead to more rate cuts by the U.S. Federal Reserve in 2025. Einhorn called Trump’s tariffs a “regressive tax” that would disproportionately impact lower-income individuals, leading to higher prices of goods. He also bet that the U.S. dollar would weaken further against gold prices, as the dollar index fell to three-year lows and gold prices reached new records. Einhorn joined other prominent figures in criticizing Trump’s tariffs, including JPMorgan CEO Jamie Dimon, BlackRock CEO Larry Fink, and Republican megadonor Ken Langone. Langone blasted Trump’s tariffs, while Fink and Dimon expressed concerns about a potential recession and economic turbulence in the U.S.



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