Barstool Sports founder and owner Dave Portnoy may be a vocal supporter of Donald Trump, but the former isn’t the least pleased with the President right now.
Earlier this week, President Trump announced that he was putting 10 percent tariffs on all imports. The move has received widespread criticism since it puts the United States in grave danger of a recession.
President Trump raised controversy when he started trade wars with Canada and Mexico, two of the USA’s biggest allies. Canadian Prime Minister Mark Carney, following the footsteps of predecessor Justin Trudeau, has imposed retaliatory tariffs.
In a video that has gone viral on X/Twitter, Dave Portnoy revealed that he’s lost a whopping $7 million in cryptocurrency and stocks (WARNING: VIDEO CONTAINS LANGUAGE THAT IS NSFW):
“I’m down 7 million bucks in stocks and crypto, and it’s tariff city. Trump has put his tariffs all over the place. I’ve been trying to understand them. I don’t. Like it’s more a trade deficit tariff. To me, like, hey, we get this much sh*t from you, and you get this much from us. Let’s even that up. Let’s get some wacky formula, do tariffs. And everything’s in the sh*tter because of it.”
Dave Portnoy announced last fall that he was voting for Trump against Kamala Harris in the 2024 presidential election. Two years earlier, however, Portnoy stated that he viewed Trump as a worse option than Joe Biden — citing his concerns about the 45th President being “divisive.”
Portnoy has been critical of President Trump on several occasions during his two terms in office. With $7 million lost thus far on the tariffs, and potentially more to come, it’ll be interesting to see if Portnoy’s loyalty to Trump flips.
Trump defeated Harris in the 2024 election, becoming the second president (after Grover Cleveland) to serve two non-consecutive terms. At 78 years and 220 days of age, he also became the oldest U.S. president in history to begin a term in the White House.
Dave Portnoy Is Still Doing Just Fine Financially
