Barstool Sports founder Dave Portnoy is one of several Republicans speaking out against the economic impact of President Trump’s tariffs.

On a live stream Monday, Portnoy, who has been a Trump supporter, railed against the crashing stock market, which he said had caused him millions of dollars in personal losses. However, he also pointed to the larger impact the stock market will have on his business, and media companies generally.

Barstool Sports encompasses sports and pop culture blogs, as well as several podcasts and video series.

“Let’s look at Barstool Sports, alright. This economy tanks. Our advertisers who do business overseas and sell products and advertise with us, they sell less products. It gets more expensive. What’s the first thing they cut? Ad budgets. Ad budgets that we get. Suddenly we’re not getting as much money. Suddenly I have to fire Nate and lay people off.