Billionaire Ken Fisher criticizes the tariff policy as extremely foolish: the market may eventually rebound like the stock market in 1998

ChainCatcher news, billionaire Ken Fisher, founder of Fisher Investments, fiercely criticized Trump's latest tariff policy on social platform X, calling it "stupid, wrong, and extreme," and pointed out that the tariff policy attempts to address the "false proposition" of the U.S. trade deficit.

Fisher believes that the trade deficit has never had a causal or predictive effect on the economy, and Trump's related statements are "completely wrong." Additionally, Fisher criticized the many practical obstacles to implementing the policy, including insufficient customs enforcement capabilities and legal challenges.

Fisher emphasized that the market's fear of the tariff policy far exceeds the actual issues, which may instead be a bullish signal. He predicts that the market reaction this time may resemble the 1998 stock market correction, which ultimately achieved a 26% annual return. He also warned that if Republican congressional members cannot quickly rein in Trump's tariff policy, the upcoming midterm elections could become a "bloody slaughterhouse."