US EditionBill Ackman reiterates call for pause on implementing Trump's tariffs
- Bill Ackman, CEO of Pershing Square Capital Management, warned that immediate implementation of Trump's tariffs could lead to a 'self-induced economic nuclear winter.'
- Several executives, including Elon Musk, expressed concerns over the tariffs, fearing they may lead to global retaliation and a potential trade war.
- The S&P 500 fell 10.5% in two days following the tariff announcement, erasing nearly $5 trillion in market value due to fears of a trade war and global economic disruption.
- Ackman called on President Trump to pause the tariffs for 90 days to allow for negotiations without causing harm to the economy.
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Who are the American business leaders and Republican supporters who had disavowed Trump's customs duties?
Trump's support yesterday, Elon Musk, Bill Ackman and others denounced the tariff increases deemed brutal and dangerous for the US economy, before the US President's turnaround.
·Paris, France
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Bill Ackman reiterates call for pause on implementing Trump's tariffs
Billionaire fund manager Bill Ackman, who endorsed Donald Trump's run for president, on Tuesday ratcheted up his pleas with Washington to hit pause on tariffs to stave off "a major global economic disruption."
·United Kingdom
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Leaning Left4Leaning Right2Center5Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 36%
C 45%
R 18%
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