Einhorn Says Tariffs to Force More Fed Cuts This Year
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Greenlight Capital’s David Einhorn called tariffs “a regressive tax” that will force the US Federal Reserve to act, as President Donald Trump’s higher-than-expected global tariffs shocked investors and sent markets tumbling.
“Look, I think that tariffs are a tax,” Einhorn said in an interview for “Bloomberg Wealth with David Rubenstein” on Thursday. He made the comments as markets slumped once again after rising sharply on Wednesday, when Trump surprised investors by announcing a 90-day pause on “reciprocal tariffs,” with one exception: He raised tariffs on Chinese goods to 145%.