Home Depot's Ken Langone ‘Sold On Trump' After Tariff Criticism
Home Depot co-founder Ken Langone participates in the Yahoo Finance All Markets Summit: A World of ... More Change at The TimesCenter on Thursday, Sept. 20, 2018, in New York. (Photo by Evan Agostini/Invision/AP) 2018 Invision
Langone, 89, told CNBC he has 'never been more excited about the future of America' than he is right now, and that, 'like it or not, this guy is getting things done.'
He praised Trump's strike on Iran as 'miraculous' and said the 'One Big Beautiful Bill Act' has 'a lot of merit' and will trigger significant economic growth.
He told CNBC in 2024 he was afraid Trump would spend the next four years 'getting even,' but reversed his position on Tuesday, saying, 'I'm happy to say, I'm comfortable he's not doing that.'
Langone said 'people are walking with more bounce' and, when asked about his previous criticisms of Trump, said, 'when you make a mistake, admit it.'
Langone backed Trump in the 2016 presidential race, but said he felt 'betrayed' after the Jan. 6 Capitol riot, telling CNBC in 2021 he vowed to rally behind former President Joe Biden. In April, Langone—who endorsed Nikki Haley's presidential run in 2024—slammed Trump's 46% tariff on Vietnam as 'bullshit' and said his 34% tariff on China was 'too aggressive, too soon.' Tangent
In the Tuesday interview, Langone said he was concerned about antisemitism in the U.S. 'particularly among young people,' adding 'I don't even understand the Jews sometimes' after Jewish New Yorkers voted for New York City mayoral candidate Zohran Mamdani.
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