Market Reaction to US Tariffs Deemed 'Preventable' by Branson

In a recent post on X, billionaire and Virgin Galactic Holdings Inc. founder Richard Branson described the market's reaction to the United States' reciprocal tariffs as both "predictable" and "preventable." He criticized the lack of time given to US companies to adapt, leading to a global financial downturn.

Impact on Ordinary Americans and the Global Economy

Branson highlighted the dire consequences for ordinary Americans and the global economy, noting the free fall in financial markets. He warned of rising consumer prices as the US dollar weakens, arguing against the long-term viability of the current strategy.

Urgent Call for Government Action

The entrepreneur urged the US government to act swiftly, emphasizing that the window for corrective measures is narrowing. Without immediate action, Branson predicts years of ruin for the US, underscoring the need for a change in course to avoid a "colossal mistake."