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Anthony Scaramucci, former White House Communications Director, has challenged Wall Street’s assumption that President Donald Trump will leave office in three and a half years and warned that the full impact of his tariffs is yet to come.
In a video posted over the weekend, Scaramucci expressed concern that Wall Street is complacent, believing Trump’s time in office is limited.
He highlighted the President’s $200 million White House ballroom renovation project, questioning the belief that Trump will leave in 3.5 years.
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“Do you know anybody who builds a $200 million ballroom onto their house and moves out in three and a half years?” Scaramucci said. “The guy’s making expansive renovations to the White House. Doesn’t smell like a guy that wants to leave anytime soon.”
Scaramucci continued, suggesting that Trump’s presidency is far from over, pointing to the expanding renovations and a growing “personality cult” around him.
He cautioned Wall Street that a “cleanup” of Trump’s policies will be needed but is unlikely to happen quickly. The challenge, he warned, will be economic, particularly due to the ongoing trade war and the implementation of tariffs.
The White House did not immediately respond to Benzinga’s request for comments.
In a May interview with NBC News, Trump said he does not plan to seek a third term, confirming that his presidency would conclude after the 2028 election. Trump cited constitutional limits on presidential terms and said he intends to “pass the torch” to another Republican.
While noting past speculation — including the sale of red “Trump 2028” hats — Trump dismissed the idea of another run, saying his focus is on “four great years” before handing over the reins “to somebody, ideally a great Republican.”
He named Vice President JD Vance and Secretary of State Marco Rubio as strong contenders but refrained from making any endorsements, calling it “far too early” to decide.
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Turning to the impact of Trump’s tariffs, Scaramucci stressed that Wall Street is ignoring the true economic consequences of the administration’s protectionist policies.
(Except for the headline, this story has not been edited by PostX News and is published from a syndicated feed.)
