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Bill Ackman warns Trump to call a timeout on trade war: ‘This is not what we voted for’

  • Bill Ackman warned that Trump's tariffs could lead to an 'economic nuclear winter,' urging that the tariffs be scrapped to maintain business confidence.
  • London's FTSE 100 dropped by approximately 5% following Trump's global tariffs, with early sell-offs beginning immediately after markets opened.
  • Trump's tariffs have contributed to significant drops in other markets, including Germany's DAX and France's Cac 40, which fell by approximately 6.5% and 5.3%, respectively.
  • Ackman stated that Trump's actions are damaging the confidence of business leaders and could severely affect consumers.
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Cointelegraph broke the news in on Sunday, April 6, 2025.
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