WASHINGTON (AP) — As President Donald Trump's tariffs roil global markets, some of the thought leaders and influential podcasters who backed the Republican's campaign are voicing doubts.
Barstool Sports owner Dave Portnoy, hedge fund manager Bill Ackman and even Elon Musk are adding their voices to a number of congressional Republicans who have weighed in against the tariffs set to take effect on Wednesday.
Here's a look at some of what they've said:
The conservative commentator — who initially backed Florida Gov. Ron DeSantis in last year’s GOP presidential primary before lending his support to Trump — said Saturday on the “All-In” podcast that he saw “contradictory” claims as to what Trump’s tariff proposals are intended to do.
“I think that the way that the tariff plan was rolled out is about as bad a rollout as you could do,” Shapiro said.
In a video posted Monday to his more than 7 million subscribers on YouTube, Shapiro reiterated that argument and said that the idea that tariffs are good and make us rich is “really problematic.”
“The idea that this is inherently good and makes the American economy strong is wrongheaded,” Shapiro said. “It’s untrue. The idea that it is going to result in massive re-shoring of manufacturing is also untrue.”
“Welcome to Orange Monday,” Portnoy said on his “Davey Day Trader” financial livestream, just before markets opened this week, saying there’s “no political agenda” to his commentary, other than to make money.
After last week’s market plunge, Portnoy said he had lost $7 million “in stocks and crypto,” a figure he estimated on Monday was likely closer to $20 million, or up to 15% of his net worth.
But, Portnoy has said, he plans to stick with Trump, whom he has called “a smart guy.”
“I think they’re smarter than me when it comes to these tariffs. I also think he’s playing a high-stakes game here,” Portnoy said last week on his livestream. “I’m gonna roll with him for a couple days, a couple weeks, see how this pans out.”
Founded by Portnoy in 2003 as a free sports and gambling newspaper, Barstool has grown into a digital platform covering sports, lifestyle, and entertainment, with hundreds of millions of followers. Portnoy has been a loyal Trump supporter since first endorsing him in 2016, interviewing the president at the White House in 2020.
Rogan, one of the nation's most influential podcasters who endorsed Trump on the eve of last year's election, said in March that Trump's feud with Canada was “stupid” and bemoaned the fact that Canadians “booed us over tariffs" during professional sporting events featuring teams from both countries.
Rogan has recently broken with Trump in other areas, including over wide-ranging deportations, referring to a recent operation to detain immigrants as “horrific.”
Just weeks before Election Day, Rogan taped a nearly three-hour podcast interview with Trump, an opportunity for the Republican nominee to highlight the hypermasculine tone that defined much of his 2024 White House bid.
The pro-Trump hedge fund manager warned Sunday on X that “we are heading for a self-induced, economic nuclear winter” unless Trump took a more deliberate approach, likening the full tariff activation “economic nuclear war.”
In another post later Sunday, Ackman assailed Commerce Secretary Howard Lutnick as “indifferent to the stock market and the economy crashing.” The next day, Ackman apologized for his criticism claiming that Lutnick — previously the head of the financial firm Cantor Fitzgerald — could benefit from the tariffs because of its bond investments.
But the hedge fund manager also reiterated his concerns about Trump’s tariffs.
“I am just frustrated watching what I believe to be a major policy error occur after our country and the president have been making huge economic progress that is now at risk due to the tariffs,” he wrote on X.
Even the billionaire top adviser to Trump on overhauling the federal government is expressing skepticism about tariffs, which he has said would drive up costs for Tesla, his electric automaker.
“I hope it is agreed that both Europe and the United States should move ideally in my view to a zero-tariff situation, effectively creating a free trade zone between Europe and North America,” Musk said in a video conference with Italian politicians.
On Fox News’ “Sunday Morning Futures,” White House trade adviser Peter Navarro said that Musk “doesn’t understand” the situation.
Musk fired back on Tuesday, calling Navarro “truly a moron” and “dumber than a sack of bricks.”
Associated Press writer Ali Swenson in New York contributed to this report.
Meg Kinnard can be reached at http://x.com/MegKinnardAP
FILE - Joe Rogan stands for a benediction after President Donald Trump was sworn in during the 60th Presidential Inauguration in the Rotunda of the U.S. Capitol in Washington, Jan. 20, 2025. (Saul Loeb/Pool photo via AP, File)
MADRID (AP) — Venezuelans living in Spain are watching the events unfold back home with a mix of awe, joy and fear.
Some 600,000 Venezuelans live in Spain, home to the largest population anywhere outside the Americas. Many fled political persecution and violence but also the country’s collapsing economy.
A majority live in the capital, Madrid, working in hospitals, restaurants, cafes, nursing homes and elsewhere. While some Venezuelan migrants have established deep roots and lives in the Iberian nation, others have just arrived.
Here is what three of them had to say about the future of Venezuela since U.S. forces deposed Nicolás Maduro.
David Vallenilla woke up to text messages from a cousin on Jan. 3 informing him “that they invaded Venezuela.” The 65-year-old from Caracas lives alone in a tidy apartment in the south of Madrid with two Daschunds and a handful of birds. He was in disbelief.
“In that moment, I wanted certainty,” Vallenilla said, “certainty about what they were telling me.”
In June 2017, Vallenilla’s son, a 22-year-old nursing student in Caracas named David José, was shot point-blank by a Venezuelan soldier after taking part in a protest near a military air base in the capital. He later died from his injuries. Video footage of the incident was widely publicized, turning his son’s death into an emblematic case of the Maduro government’s repression against protesters that year.
After demanding answers for his son’s death, Vallenilla, too, started receiving threats and decided two years later to move to Spain with the help of a nongovernmental organization.
On the day of Maduro’s capture, Vallenilla said his phone was flooded with messages about his son.
“Many told me, ‘Now David will be resting in peace. David must be happy in heaven,’” he said. “But don't think it was easy: I spent the whole day crying.”
Vallenilla is watching the events in Venezuela unfold with skepticism but also hope. He fears more violence, but says he has hope the Trump administration can effect the change that Venezuelans like his son tried to obtain through elections, popular protests and international institutions.
“Nothing will bring back my son. But the fact that some justice has begun to be served for those responsible helps me see a light at the end of the tunnel. Besides, I also hope for a free Venezuela.”
Journalist Carleth Morales first came to Madrid a quarter-century ago when Hugo Chávez was reelected as Venezuela's president in 2000 under a new constitution.
The 54-year-old wanted to study and return home, taking a break of sorts in Madrid as she sensed a political and economic environment that was growing more and more challenging.
“I left with the intention of getting more qualified, of studying, and of returning because I understood that the country was going through a process of adaptation between what we had known before and, well, Chávez and his new policies," Morales said. "But I had no idea that we were going to reach the point we did.”
In 2015, Morales founded an organization of Venezuelan journalists in Spain, which today has hundreds of members.
The morning U.S. forces captured Maduro, Morales said she woke up to a barrage of missed calls from friends and family in Venezuela.
“Of course, we hope to recover a democratic country, a free country, a country where human rights are respected,” Morales said. “But it’s difficult to think that as a Venezuelan when we’ve lived through so many things and suffered so much.”
Morales sees it as unlikely that she would return home, having spent more than two decades in Spain, but she said she hopes her daughters can one day view Venezuela as a viable option.
“I once heard a colleague say, ‘I work for Venezuela so that my children will see it as a life opportunity.’ And I adopted that phrase as my own. So perhaps in a few years it won’t be me who enjoys a democratic Venezuela, but my daughters.”
For two weeks, Verónica Noya has waited for her phone to ring with the news that her husband and brother have been freed.
Noya’s husband, Venezuelan army Capt. Antonio Sequea, was imprisoned in 2020 after having taken part in a military incursion to oust Maduro. She said he remains in solitary confinement in the El Rodeo prison in Caracas. For 20 months, Noya has been unable to communicate with him or her brother, who was also arrested for taking part in the same plot.
“That’s when my nightmare began,” Noya said.
Venezuelan authorities have said hundreds of political prisoners have been released since Maduro's capture, while rights groups have said the real number is a fraction of that. Noya has waited in agony to hear anything about her four relatives, including her husband's mother, who remain imprisoned.
Meanwhile, she has struggled with what to tell her children when they ask about their father's whereabouts. They left Venezuela scrambling and decided to come to Spain because family roots in the country meant that Noya already had a Spanish passport.
Still, she hopes to return to her country.
“I’m Venezuelan above all else,” Noya said. “And I dream of seeing a newly democratic country."
Venezuelan journalist Caleth Morales works in her apartment's kitchen in Madrid, Wednesday, Jan. 14, 2026. (AP Photo/Bernat Armangue)
David Vallenilla, father of the late David José Vallenilla Luis, sits in his apartment's kitchen in Madrid, Tuesday, Jan. 13, 2026. (AP Photo/Bernat Armangue)
Veronica Noya holds a picture of her husband Antonio Sequea in Madrid, Thursday, Jan. 15, 2026. (AP Photo/Bernat Armangue)
David Vallenilla holds a picture of deposed President Nicolas Maduro, blindfolded and handcuffed, during an interview with The Associated Press at his home in Madrid, Tuesday, Jan. 13, 2026. (AP Photo/Bernat Armangue)
Pictures of the late David José Vallenilla Luis are placed in the living room of his father, David José Vallenilla, in Madrid, Tuesday, Jan. 13, 2026. (AP Photo/Bernat Armangue)
