Market Turmoil Following US Tariffs

Virgin Galactic Holdings Inc. founder Richard Branson took to X to express his concerns about the recent market reaction to the United States' reciprocal tariffs. Describing the situation as both "predictable" and "preventable," Branson highlighted the lack of preparation time given to US companies to adapt to these changes.

The Ripple Effects of Tariffs

"The immediate aftermath has seen financial markets worldwide in a free fall, with devastating consequences for ordinary Americans and the global economy," Branson stated. He emphasized the inevitable rise in consumer prices as the US dollar weakens, arguing against the long-term viability of such a strategy.

A Call for Immediate Action

Branson urged the US government to act swiftly, stating that the window for corrective measures is narrow. "Without acknowledging this colossal mistake and altering course, the US risks years of economic ruin," he warned, stressing the urgency of the next few hours.