Private equity manager Grant Cardone says Americans should stop worrying about a potential recession sparked by President Donald Trump’s tariffs — and scolded Fox News viewers who are genuinely worried about their life savings.
“Let’s keep this real,” Cardone said Monday on “The Ingraham Angle.” “Donald Trump has Plan A, one plan: Make America Great Again. There is no other plan and the short-term traders or the pundits on TV that are watching Wall Street, look guys — this is beyond your pay plan.”
“This is a negotiations at global levels that we’ve never seen before,” he confidently added in his interview with host Laura Ingraham. “He’s transparent, he’s authentic, he knows what he’s doing, and he will make America great again.”
Cardone’s comments arrive mere weeks after Trump announced steep tariffs on all imports to the U.S. that he maintains will restore American manufacturing and economic prosperity. Instead, even as the president walked back some of the increases, his actions have upended markets and sparked fears of a global recession.
The precarious situation has practically shattered consumer confidence in the economy, but Cardone — whose own investors have sued him for misleading them — argued Monday that hardworking Americans should stop complaining about Trump and “step aside.”
“So, you guys that are at home and you’re worried about your 401(k), your IRA, or you traders out there or bankers that are worried about your commissions, just step aside,” Cardone told Ingraham, adding: “You’re not in the game. President Donald Trump is.”
The president has assured his base in recent months that foreign nations, rather than U.S. consumers and businesses, will shoulder the sky-high costs spawned by his tariffs. Economists have warned otherwise, with volatile markets reflecting as much.
“America is going to go into a great prosperity,” Cardone told Ingraham.
The “finfluencer,” or financial influencer, hosted Trump in 2022 at his annual conference in Florida — and introduced him as “the strongest marketer on planet Earth.” On Monday, he praised Trump for locking the U.S. into an economic face-off with China.
“Look, he’s bringing China to the table,” he said about Trump’s 145% tariff on their goods.
“This is going to be great for America,” Cardone continued. “There will be a contraction and the difference is we’ve been in contraction for a long period of time. [Former President] Joe Biden just lied … about how good of shape the economy was in.”
The Dow Jones Industrial Average has lost nearly 5,000 points since Trump took office. While some rightfully fear a recession, hedge-fund billionaire Ray Dalio — who predicted the 2008 financial collapse — warns it will be far “worse” than that if things don’t soon improve.