Former Microsoft CEO Steve Ballmer Says Trump's New Tariffs Could Spark Global Turmoil, Hurt Consumers As Satya Nadella-Led MSFT's Stock Drops 14% YTD

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Former Microsoft CEO Steve Ballmer Says Trump's New Tariffs Could Spark Global Turmoil, Hurt Consumers As Satya Nadella-Led MSFT's Stock Drops 14% YTD - Benzinga

Quick Summary:

On Friday, former Microsoft Corp.(NASDAQ:MSFT) CEO Steve Ballmer expressed concern that President Donald Trump’s new tariffs could lead to global turmoil and negatively impact consumers, especially as Microsoft's stock faces a 14.03% drop year-to-date.

"As a Microsoft shareholder, this kind of thing is not good," he stated, noting that the new tariffs on imported goods—affecting over 100 countries—would likely create significant disruption, particularly in industries reliant on global trade, like tech.

What Happened: In an interview with CNBC, Ballmer warned that the U.S.government's escalating tariffs would have far-reaching effects on the economy, including significant challenges for consumers and investors.