British billionaire and Virgin founder Richard Branson has expressed concern over the U.S. government’s sweeping tariffs, warning that they are steering the global economy in a dangerous direction. In a series of tweets, Branson emphasized the importance of strong leadership, which he defined as taking risks but also acknowledging mistakes and correcting them quickly.
(1/4) The ongoing market response to last week’s US tariff announcement was both predictable and preventable. Even if you agree with the premise of these tariffs, every reasonable effort should be made to give US companies sufficient time to adapt.
— Richard Branson (@richardbranson) April 7, 2025
Reflecting on his 60 years of business experience, Branson argued that accepting when you're wrong and changing course is essential for success. He warned that the tariffs would have negative consequences worldwide, particularly harming the American economy.
Branson stressed that fair trade leads to prosperity, improved health and education, and reduced conflict between nations. He called on U.S. leaders to reverse the tariffs, urging a return to sensible economic policies to avoid the catastrophic impact of the current trade strategy.
