Former Microsoft CEO Steve Ballmer says tariffs will affect people and not just stock markets

Steve Ballmer

Former Microsoft CEO Steve Ballmer has voiced his concerns over the recent tariffs imposed by the US government, describing them as "not good" for shareholders and the broader economy.

Speaking at Microsoft's 50th anniversary celebration in Redmond, Washington, Ballmer highlighted the disruptive impact of these tariffs on global trade and consumer markets.

Ballmer, who served as Microsoft's CEO from 2000 to 2014, expressed his apprehension during an interview alongside Microsoft co-founder Bill Gates and current CEO Satya Nadella.

He noted that the tariffs, which target imports from over 100 countries, are likely to create economic turmoil. "I took just enough economics in college to know that tariffs are actually going to bring some turmoil," Ballmer remarked.

The tech industry has already felt the effects of these policies, with Microsoft's stock experiencing a significant decline. Ballmer emphasised that the repercussions extend beyond the stock market, affecting individuals and businesses alike. “People are feeling it, not just the stock market. People are going to feel it,” he stated.

Despite the challenges, Ballmer urged companies to continue investing and innovating to navigate the economic uncertainty. Drawing from his experience leading Microsoft during the Great Recession, he advised businesses to prioritise long-term growth over short-term profits. "Serve your customers well. Serve the governments and cultures in which you operate well. You will come out the back end," he said.

As one of Microsoft's largest shareholders, Ballmer said that he will continue being so. .“I’m not going to probably have 50 more years on the planet,” he said. “But whatever minutes I have, I’m gonna be a large Microsoft shareholder.”