Summary
Tech moguls who supported Donald Trump—including Elon Musk, Jeff Bezos, and Mark Zuckerberg—lost billions after his “Liberation Day” tariff announcement triggered historic market losses. Standing behind Trump at his inauguration, they had backed his deregulation promises.
Meta dropped 8.96%, Amazon 8.98%, Apple over 9%, and Tesla 5.47%, wiping $208B from global billionaire wealth. Musk lost $8.7B, Bezos $16B, Zuckerberg $17.9B.
Despite their support, their companies face price hikes and AI infrastructure risks.
China’s 34% retaliatory tariffs intensify fears of a looming recession.
Regardless of how things turn out in the long term, I’m certain that there are already things that we’ve lost and will never get back. Particularly with regards to the reckless destruction of our federal workforce.
He’s already irreparably damaged this country.