Bill Ackman Over the past five years, it has surpassed the stock market with Pershing Square Capital Management. The hedge fund chief was a defender of Donald Trump during the campaign, but he disagreed with the president’s stance on tariffs.
Stock market participants are fleeing the market amid tariffs. The president’s mutual tariffs scared investors the most, plunging Nasdaq composites by more than 10% between April 2nd and Friday.
“When the market crashes, new investments will halt. [and] Consumers will stop spending money,” Ackman said on An xPost.
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Ackman launched his X-Post after claiming that the US had been using it for too long. He is a tariff fan and I love how Trump has raised the issue. He also writes that other countries use tariffs to protect the home industry at the expense of American employment.
The US has used tariffs before Trump, some of them are recently. For example, the Biden administration imposed an a 100% tariff on electric vehicles 25% tariff on lithium-ion batteries.
Tariffs can protect certain industries and workers. Ackman believes that using tariffs can help strengthen the country and likes the medium approach.
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Ackman changed his song when he saw the tariff rates spread across the blankets to allies and enemies. He believes that tariffs can make the US an unreliable trading partner, and encourages international businesses to avoid the US, where Trump proposed to call a 90-day timeout to avoid economic genocide.
“Business investments will be stopped, consumers will close their wallets and notebooks, and we will seriously hurt our reputation with the rest of the world, which takes decades and decades,” Ackman explained.
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Trump has been moving quickly ever since retrieving his oval office. He gradually does not approach, filling the stock market with uncertainty. Ackman is worried about the high tariffs, but some of the people who answered his X-Post did not feel the same.
