Trump economic officials revere billionaire Stanley Druckenmiller, but he says he does not support tariffs over 10%

• 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 sell-off, 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.