Scott Galloway criticized President Trump's use of global tariffs as a tool for insider trading, alleging that it allows those close to him to manipulate stock prices with non-public information. On his Pivot podcast, Galloway expressed concern that such actions could erode investor trust in the stock market, jeopardizing essential capital markets. He compared Trump's negotiation style to a poker player who recklessly folds after initially going all in, highlighting a disconnection from economic realities and legitimate negotiation. Galloway warned that this volatility benefits specific insiders while harming broader market integrity.
Galloway warned that corruption surrounding the stock market could dampen investors' trust in the market overall, potentially decimating the capital markets that fuel the economy.
Galloway described Trump's negotiation style as self-defeating, saying he often lowers tariffs after causing market volatility, highlighting a lack of serious engagement with economic strategies.
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