After &#34;Wall Street Iron Fan&#34; Bill Ackman switched sides, another big shot has &#34;sung a different tune,&#34; clearly opposing the increase of tariffs in the U.S. to over 10%.
As the Trump administration just announced a large-scale tariff plan, on Sunday local time, legendary Wall Street investor, known as &#34;the greatest money-making machine in history,&#34; Stanley Druckenmiller, rarely posted on platform X stating:
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“I do not support tariffs over 10%, and I have made this very clear in the interview you referenced.”
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According to previous reports from CCTV News, Trump will impose a 10% &#34;baseline tariff&#34; on all countries, which will take effect at 12:01 AM Eastern Time on April 5.
This is not the first time Druckenmiller has expressed this position. In a media interview earlier this January, he stated:
<blockquote>
“As long as we stay within the 10% range... I think the risks of tariffs are exaggerated compared to the returns, and high returns are more like choosing the lesser of two evils.”
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<h2>Druckenmiller: Far More Than Just &#34;Soros' Ally&#34;</h2>
Wall Street Journal previously mentioned that the 71-year-old billionaire Druckenmiller is not only a Wall Street investment legend, but his influence is now expanding to the highest economic decision-making levels in the U.S. through two key disciples, as they currently hold important positions in the Trump administration: Bentsen has become the Secretary of the Treasury, while Waller is a strong contender for the Federal Reserve Chair.
According to insiders, Druckenmiller maintains close ties with these two disciples, even being described as having a &#34;father-son-like relationship.&#34; Druckenmiller communicates with Waller particularly frequently, sometimes talking dozens of times a day.
Druckenmiller has long focused on the issue of the U.S. fiscal deficit, calling it a &#34;debt bomb,&#34; and has criticized the government for &#34;excessive spending&#34; on welfare programs like Social Security. During the pandemic, he publicly criticized the Federal Reserve for raising interest rates too slowly, which fueled out-of-control inflation
However, Druckenmiller's position on the American political spectrum is relatively complex. On the eve of last year's U.S. election, he publicly stated that he did not intend to vote for Trump or Harris.
It is worth noting that Druckenmiller has differences with the Trump administration on certain economic views. For example, the tax cut plan proposed by Trump includes reducing tips, overtime pay, and Social Security

This is not the first time Druckenmiller has expressed this position; earlier this year, he stated that 10% is a reasonable upper limit

- Legendary Wall Street investor Stanley Druckenmiller publicly opposed raising tariffs above 10%, emphasizing his stance on social media amid Trump's new tariff plan.  
- The proposed 10% baseline tariff is set to take effect on April 5, 2025, with Druckenmiller previously stating that the risks of tariffs are overstated as long as they remain below this threshold.  
- Druckenmiller, influential in economic circles, maintains close ties with key figures in the Trump administration while expressing concerns about U.S. fiscal policies and government spending.

Another Wall Street mogul publicly "flips"! Druckenmiller: I oppose tariffs over 10%