"The more we make our economy widespread and beneficial to everybody, the better we do, and that's what's going on in America right now." Home Depot Co-Founder Ken Langone discusses the economy on 'Maria Bartiromo's Wall Street,' tonight at 9p ET on Fox Business Network. | Fox Business

Home Depot founder Ken Langone said he does not see the logic of the tariffs implemented by President Donald Trump last week. In an interview with The Financial Times published on Monday, Langone let fly on the measures, which impose a minimum 10% tariff on virtually all imports. However, the president singled out dozens of countries for much higher tariffs, which are paid by companies that import the goods. Those higher costs are subsequently passed on to consumers. Markets have reacted bearish