- Stanley Druckenmiller has long been a close mentor and friend of Treasury Secretary Scott Bessent. But Druckenmiller, one of Wall Street’s most revered investors, emphatically distanced himself from President Donald Trump’s sweeping “reciprocal tariffs” and the ensuing market selloff, reiterating he doesn’t believe taxes on imports should exceed 10%.
Some of the biggest names on Wall Street are lambasting President Donald Trump’s sweeping “reciprocal tariffs,” which have sent global markets into a tailspin. Billionaire Stanley Druckenmiller is a longtime mentor and friend of Treasury Secretary Scott Bessent, who has dismissed concerns of a recession, but one of the world’s most revered investors has emphasized he’s no fan of taxing imports more than 10%.
