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Forbes survey: More than one-third of Wall Street tycoons no longer support Trump's economic policies

2025-04-06 04:38

Odaily News Recently, Forbes contacted 50 top Wall Street leaders, including billionaire investors, major institutional asset managers and the largest wealth advisors in the United States, to find out their level of support for President Trump's economic strategy since he took office.
The 50 respondents were chosen for their outsize influence. Among these Wall Street heavyweights — more than half of whom supported Trump’s economic policies when he returned to the White House in January — 72% say the Trump team’s economic plan is ineffective, while 66% disapprove of his economic policies. More than a third of those who supported Trump just a few weeks ago no longer support his economic policies, with a majority (54%) saying he has failed to execute on his plans.
Forbes also surveyed the Wall Street moguls on specific aspects of Trump’s economic policies, asking them to rate them on a scale of 1 to 5, with 5 being the most favorable. Their ratings were mostly terrible. On tariffs, Trump scored 1.86 out of 5, with 27 respondents giving him the lowest rating. He scored just as badly on the stock market, at 1.96 (25 respondents gave him a 1 out of 5), and almost as badly on the executive order against law firms, at 2.10 — a direct attack on the rule of law on which America’s free-enterprise system depends. Cryptocurrency (2.0) and inflation (2.16) also scored poorly.