Stanley Druckenmiller Criticizes High Tariffs, Advocates for 10% Limit

Billionaire investor Stanley Druckenmiller has once again criticized high tariffs, reiterating his long-standing stance that tariffs should be capped at 10%.

His comments come after President Trump recently imposed reciprocal tariffs, some reaching as high as 54%, particularly on China.

Druckenmiller, who has been vocal about his views in the past, took to social media to clarify his position, stating that while he doesn’t support tariffs in an ideal scenario, the U.S. fiscal situation leaves few options for raising necessary revenues.

He emphasized that given the nation’s massive spending and interest obligations, the government needs alternative revenue sources, with tariffs being one of the least harmful choices.

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He argued that a consumption tax, like tariffs, would be a better option than increasing income taxes, even though tariffs come with the risk of retaliation from other countries. For Druckenmiller, the key is keeping tariffs at a manageable level, believing that staying within the 10% range minimizes potential harm.

Druckenmiller’s comments come after Trump signed an executive order imposing a 10% tariff on all imports to the U.S. and introduced higher tariffs for specific countries, particularly China. The new tariffs, which include rates up to 54% for China, are set to take effect on April 9.

Alexander Stefanov