Market Turmoil Following US Tariffs

Richard Branson, the billionaire founder of Virgin Galactic Holdings Inc., took to X on Monday to express his concerns over the market's reaction to the United States' reciprocal tariffs. He described the situation as both "predictable" and "preventable," highlighting the lack of preparation time given to US companies.

Call for Swift Government Response

Branson emphasized the urgent need for the US government to act within the next few hours to mitigate the fallout. He warned of the dire consequences of inaction, including a weakening US dollar and rising consumer prices, which he argued would not serve as a winning strategy in the long run.

Long-term Consequences of Inaction

The entrepreneur cautioned that failure to address this "colossal mistake" promptly could lead to years of economic ruin for the United States, affecting not just Americans but the global economy at large.