
President Donald Trump recently went after business leaders who don’t agree with his trade policies, especially his use of tariffs (which are taxes on imported goods).
He called many of these businesspeople “bad at business.” This was surprising to many since a large number of business leaders have said that tariffs hurt their companies and the economy overall.
Trump also claimed that he is the “greatest friend” of capitalism. But this bold statement quickly led people to remind others of Trump’s own complicated history in business. While he’s had some financial successes, several of his companies have also gone bankrupt over the years.
He posted his comments on his social media platform, Truth Social.
Over time, Trump’s trade policies like increasing tariffs and starting trade wars—have made the stock market unstable. Since he took office, the Dow Jones Industrial Average (a key indicator of the stock market) dropped by nearly 5,000 points. The U.S. dollar has also lost value, and some financial experts believe the country may be heading toward a recession or something even worse.
Critics didn’t hold back. Many were quick to bring up Trump’s record of six bankruptcies and said it’s ironic for someone with that background to criticize others in the business world.
One online post sarcastically said:
“Ah yes, Mr. Six-Time Bankruptcy is here to lecture actual businesspeople who rightly know that tariffs will damage their businesses and increase costs for consumers that they’re the ones bad at business.”
Another critic said that big business leaders have a responsibility to speak out and push back against Trump’s harmful economic moves. They said Trump is not only damaging individual companies, but the entire U.S. economy.
Others chimed in with posts like:
“I don’t take financial advice from people who have gone bankrupt multiple times.”
Some pointed out that while Trump does own valuable property, much of his wealth came from deals made years ago. They argued he hasn’t built a powerful, lasting business empire like other top business leaders.
In short, Trump’s comments stirred up a lot of backlash, especially from those who believe he’s not in the best position to give business advice.