This will determine if we get a 'Trump recession or a depression': Financial Times writer

Financial Times columnist Edward Luce on Tuesday ridiculed President Donald Trump's billionaire backers who have expressed bewilderment at his decision to launch trade wars against nearly every nation on Earth.

Pointing to comments from Trump-backing hedge-fund billionaire Bill Ackman that expressed dismay at Trump's trade strategy, Luce found himself at a loss to explain why so many supposedly intelligent people still believe that there is a grand plan at play when the reality is that the president is simply erratic and vindictive.