Former Home Depot CEO calls stock market response to Trump's tariffs an 'over-reaction'

Core Viewpoint - The stock market's negative reaction to President Trump's tariffs is viewed as an "over-reaction" by former Home Depot CEO Bob Nardelli, who believes the tariffs will ultimately benefit the economy [1][2]. Group 1: Market Reaction and Economic Impact - The stock market has experienced significant declines following the announcement of tariffs by President Trump, raising fears of a recession [2]. - Nardelli argues that past tariffs have produced positive outcomes and suggests that similar results can be expected if given time [2]. - He emphasizes the importance of balancing trade dollars and tariffs for the long-term benefit of the economy [5]. Group 2: Perspectives on Tariffs - Nardelli acknowledges concerns from prominent investors like Bill Ackman and Jamie Dimon regarding potential price increases and economic downturns due to tariffs [5]. - He believes the risks associated with the tariff policy are justified for the long-term economic benefits [6]. - The Trump administration has indicated that over 50 countries have expressed interest in new economic negotiations since the tariff announcement [9].