Billionaire Ken Fisher criticizes tariff policy as stupid: Market may eventually rebound like the stock market in 1998

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MarsBit
04-08
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Mars Financial News: Fisher Investments founder and billionaire Ken Fisher fiercely criticized Trump's latest tariff policy on social platform X, calling it "stupid, wrong, and extreme," and pointed out that the tariff policy attempts to solve the "false proposition" of the US trade deficit. Fisher believes that trade deficits have never had a causal or predictive effect on the economy, and Trump's related remarks are "completely wrong". Additionally, Fisher criticized that the policy implementation faces many practical obstacles, including insufficient customs enforcement and legal challenges. Fisher emphasized that market fears about the tariff policy far exceed actual issues, which might actually be a bullish signal. He predicted that this market reaction might be similar to the stock market correction in 1998, which ultimately achieved a 26% annual return rate. He also warned that if Republican congressional representatives cannot quickly restrain Trump's tariff policy, future midterm elections might become a "bloody slaughterhouse".

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