Bill Ackman and Stanley Druckenmiller slammed President Donald Trump’s decision to launch expansive global tariffs, which have plunged markets into chaos.

The new trade regime is a “mistake,” said Ackman, the founder of Pershing Square and vocal Trump supporter, in a post on X. Druckenmiller, the former George Soros protégé and longtime deficit hawk, also took to the platform to write a rare post expanding on criticisms he made of the policies from an interview in January.

“I do not support tariffs exceeding 10% which I made abundantly clear in the interview you cite,” Druckenmiller also wrote on Sunday, in response to his earlier interview with CNBC. Bloomberg News couldn’t independently verify Druckenmiller’s account.

(From Bloomberg)