US EditionCommerce Secretary Howard Lutnick Faces Conflict of Interest Accusations Amid Market Turmoil
- Bill Ackman warned President Trump about the potential for an 'economic nuclear winter' due to his new tariffs, urging a 90-day timeout to renegotiate trade deals.
- Ackman expressed concern that the tariffs are damaging global business confidence and hurting the economy, stating, 'business is a confidence game.'
- He criticized the administration's approach of imposing tariffs on allies and adversaries alike, predicting it could lead to market collapse and reduced investments.
- Ackman warned that continued aggressive tariffs risk severe negative impacts on low-income consumers and could lead to widespread economic stagnation.
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Bill Ackman warns world is on brink of ‘self-induced economic nuclear winter,’ begs Trump to pause tariffs
Billionaire fund manager Bill Ackman, who endorsed Donald Trump's run for President, said the US leader was losing the confidence of business leaders and should pause his trade war.
·New York, United States
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'Destroying confidence in our country': Trump-backing billionaires in full tariff revolt
Donald Trump was waking up Monday to news that some of his most prominent backers on Wall Street are joining forces to attack him over his tariff policies, with one saying he has put the country on a path to a "self-induced, economic nuclear winter.”In interviews with the Wall Street Journal and CNB...
·United States
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Coverage Details
Total News Sources60
Leaning Left9Leaning Right11Center10Last UpdatedBias Distribution37% Right
Bias Distribution
- 37% of the sources lean Right
37% Right
L 30%
C 33%
R 37%
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