A significant shift in perspective has emerged from one of America's most prominent business leaders regarding President Donald Trump's leadership capabilities and economic policies.
According to Daily Mail, Home Depot co-founder Ken Langone made a stunning reversal during a CNBC Squawk Box interview on Tuesday, declaring he is now "sold on Trump" despite previously criticizing the president's trade policies.
The 89-year-old billionaire, who had earlier expressed concerns about potential retribution under Trump's leadership, now believes the president could go down as one of the greatest in U.S. history. His dramatic change in stance comes after observing Trump's recent handling of international affairs and economic policies.
In a remarkable transformation of opinion, Langone acknowledged his previous misgivings about Trump were unfounded. The business magnate had notably described Trump's Vietnam tariffs as "bulls***" and criticized China trade policies as "too aggressive" in April.
During Tuesday's interview, Langone praised Trump's presidential demeanor and expressed satisfaction with the caliber of advisors surrounding the president. The Home Depot co-founder specifically highlighted the administration's recent actions regarding nuclear facilities in Iran.
His newfound support extends beyond foreign policy, as Langone emphasized how Americans are displaying increased confidence and optimism about the nation's direction under Trump's leadership.
Wall Street's reaction to Trump's recent trade announcements has been notably positive, with stocks recording gains following new tariff proposals targeting the European Union and Mexico. The S&P 500 approached record highs despite aggressive trade measures.
The president's announcement of potential 100% tariffs on countries trading with Russia, contingent on Ukraine peace negotiations, received minimal negative market response. This market resilience appears to validate Langone's revised stance on Trump's economic strategy.
Financial analysts, including CNBC's Jim Cramer, have maintained optimistic outlooks for Home Depot's performance, citing increased home equity withdrawals for renovation projects.
Trump's latest trade initiatives represent a bold approach to international commerce, with far-reaching implications for global trade relationships. The president's deadline-driven strategy regarding Russia and Ukraine demonstrates a more assertive foreign policy stance.
Langone specifically praised the administration's handling of international affairs, suggesting that global dynamics are increasingly aligning with American interests. The businessman's endorsement carries significant weight given his previous skepticism of Trump's trade policies.
These developments come as the administration pushes forward with its "Big Beautiful Bill," which Langone believes could trigger substantial economic growth.
Langone's dramatic reversal signals a potential shift in business community sentiment toward Trump's leadership. The billionaire's prediction about Trump's historical legacy represents a complete departure from his earlier criticisms.
This high-profile endorsement from a formerly skeptical business leader could influence other industry figures who have been hesitant to support Trump's economic policies. The impact extends beyond mere political positioning to actual market performance and business confidence.
The evolving situation demonstrates how practical results can reshape even strongly held opinions among business leaders, particularly when economic indicators and market performance align with policy objectives.
