More and more CEOs of major US companies are speaking out against the import duties imposed by President Donald Trump. It is striking that even top executives who previously supported Trump are now criticizing the president's policy. "I can't wait to buy my $10,000 iPhone, made in the USA," says Ryan Cohen, CEO of Gamestop, known for the meme stock.
Cohen's statement is spicy, since he has been a supporter of the Republican Party for years and supports Trump in his policies. Until now. Last week he said that Trump's trade war 'drove him to the Democratic camp'. Cohen himself is also being hit in the wallet. For example, Nintendo has announced that it is temporarily postponing the pre-sale of the new Switch 2 and is going to review the entire export to the US. That could have an impact on Gamestop's sales figures.
China is about to shake up the world in a big way. When Trump took office, I made the call to liquidate all my shares and bonds, and I encouraged a few close friends to do the same. A couple listened, but the others didn’t, and now they are crying about the situation lol
But you had to play it cool, had to do it your way Had to be a fool, had to throw it all away
