Home Depot co-founder Ken Langone admitted that his concerns over President Donald Trump’s policies were baseless and declared that he is now “sold” on Trump.
He told CNBC’s “Squawk Box” that Trump’s “instincts are good.”
“Some of these things need to be fixed. Take, take Germany, take Japan. God bless America, 80 years ago, when the war was over, we made our mind up, we’re not going to be the conquering hero,” he said. “We’re going to go in and help these countries rebuild themselves. And we did. To our credit, we did.”
“Japanese, Japan. Look at what happened. They’re on their feet now,” Langone continued. “There aren’t many American cars sold in Germany, but whatever’s sold in Germany, there’s a 10% tariff. Every other car in America is a Mercedes. I got a Mercedes. I got an Audi. I can name you all the cars we drive, most of them are foreign,” he said, noting that the country now sells “more cars here than we do there, 2.5% tariff. That’s wrong.”
“I think it’ll settle in. I think there’s going to be that what he did… in the Middle East with these deals. He’s making $3 trillion. These are real numbers,” Langone added. “Look, let me tell you right now, I am sold on Trump. In fact, I’ll say this: I think he’s got a good shot at going down in history as one of our best presidents ever.”
Discussing his prior reluctance to support Trump, Langone said, “When you make a mistake, admit it.”
