Call it the billionaire boomerang: The ultrawealthy are turning on Trump over tariffs

Ken Langone, cofounder of Home Depot, speaks at a conference in 2014.

REUTERS/Rick Wilking

• President Donald Trump's tariff policies have vaporized trillions of dollars from the stock market.
• Those most affected are huge stockholders like billionaires, many of whom once supported the president.
• They are now turning on him, as stocks are down close to 10% in April already.

Maybe the animal spirits need to be leashed.

The tariffs announced by President...