Billionaire investor Stanley Druckenmiller reaffirmed his opposition to tariffs above 10% on Sunday, injecting a note of caution into the escalating trade debate. In a rare post on X, the Duquesne Family Office founder emphasised his stance, distancing himself from President Donald Trump’s sweeping tariff plan that includes rates as high as 50%.
What Happened: Druckenmiller had already warned in January that any tariff beyond 10% could tip the delicate balance in global trade. “It’s basically a consumption tax,” he said in a CNBC interview, adding that part of the burden still falls on foreign exporters.
His message on Sunday left no doubt that he remains firm: “I do not support tariffs exceeding 10%, which I made abundantly clear in the interview …