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Billionaire Republican megadonor and Home Depot founder Ken Langone has ripped the Trump administration’s sweeping tariffs as “bulls–t” — claiming the president has been ill-advised amid the raging trade war.

“I don’t understand the goddamn formula,” Langone, a veteran GOP campaign donor, told The Financial Times on Monday.

“I believe he’s been poorly advised by his advisers about this trade situation — and the formula they’re applying.”

Home Depot founder Ken Langone, a veteran GOP campaign donor, ripped the Trump administration’s sweeping tariffs as “bulls–t.” AP

The 89-year-old, who is just the latest wealthy financier to blast the levies, decried the 46% tariff on Vietnam as “bulls–t” and said the 34% rate on China was “too aggressive, too soon.”

He said: “46% on Vietnam? Come on! You might as well tell them, ‘Don’t even bother calling.’”

He accused the White House of not having given “serious negotiations a chance to work” — arguing a more “constructive” and “manageable” approach would have been a 10% tariff on imported goods followed by one-on-one bilateral talks with countries.

“It’s a fairly unconventional way of measuring tariffs,” he said.

“I think that the countries most adversely affected hopefully will come forward and therefore quickly make a deal.”

Langone said he was hopeful the commander in chief would eventually hold talks with the slew of nations impacted by the tariffs.

Langone claimed President
Trump has been poorly-advised amid the raging trade war. REUTERS

“Right now, what everybody’s terrified of is a tariff war,” he said.

Langone’s reaction adds to the growing list of top financiers to criticize Trump’s move to enforce a 10% baseline tariff on all imports, as well as higher duties on some of the country’s biggest trading partners.

Billionaire fund manager Bill Ackman, a staunch Trump ally, on Sunday warned the world is on the brink of “self-induced economic nuclear winter” as he begged the prez to hit pause on the tariffs.

Traders work on the floor of the New York Stock Exchange in New York City, on April 7, 2025. AFP via Getty Images

JPMorgan & Chase chief executive Jamie Dimon warned, too, that uncertainties around Trump’s sweeping tariffs should be resolved quickly — since the trade policy could reheat inflation and slow growth.

And Stanley Druckenmiller, the billionaire hedge fund manager who was once Treasury Secretary Scott Bessent’s boss, has publicly said he’s opposed to the tariffs exceeding 10%.

Druckenmiller cautioned against “retaliation” from foreign countries while downplaying “the fear of Donald Trump” — though he qualified that comment by adding “as long as we stay in the 10% range.”

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