Barstool Sports owner and internet personality Dave Portnoy mocked President Trump over major losses the stock market took Monday in response to the new sweeping tariffs his administration announced last week.
“Welcome to Orange Monday,” Portnoy said five minutes before markets opened on his “Davey Day Trader” financial livestream show, adding “there’s no political agenda to this.”
Portnoy, who has spoken positively of Trump, ranted against the tariffs which he said has personally cost him millions in the stock market.
Trump announced the tariffs last week against more than a dozen nations, accusing foreign nations of “ripping off” American workers and companies.
The announcement has led to widespread uncertainty in the market and sparked economists to warn about the negative impact the new policy could have on the price of consumer goods.
“That’s how it works,” added Portnoy. “The rich people are probably the least affected… It affects you whether you have money in the stock market or not.”