Ken Fisher Criticizes U.S. Tariff Policy as Misguided

According to PANews, Ken Fisher, founder of Fisher Investments and billionaire, has criticized U.S. President Donald Trump's latest tariff policy on social media platform X, labeling it as "stupid, wrong, and extreme." Fisher argues that the tariff policy aims to address the U.S. trade deficit, which he considers a "false proposition." He believes that the trade deficit has never had a causal or predictive impact on the economy, and describes Trump's related statements as "completely incorrect." Fisher also highlights several practical challenges in implementing the policy, such as insufficient customs enforcement capabilities and potential legal challenges. Fisher emphasizes that the market's fear of the tariff policy exceeds the actual issues, which could be a bullish signal. He predicts that the market reaction might resemble the 1998 stock market correction, which ultimately achieved a 26% annual return. Additionally, he warns that if Republican lawmakers fail to quickly restrain Trump's tariff policy, the upcoming midterm elections could become a "bloody slaughterhouse."