While the guru warns that a commercial war without truce could paralyze the investment and seriously damage international reputation, Trump remains firm in his position
ACKMAN warns that a commercial war without truce could paralyze the investment and seriously damage international reputation.
The billionaire fund manager Bill Ackmanwho supported the presidential candidacy of Donald Trumphe said that the US president is losing the confidence of business leaders and that he should PAUSE YOUR COMMERCIAL WAR.
“The president has the opportunity to decree a 90 -day truce,” Ackman wrote in an X (formerly Twitter) publication, with the aim of resolve commercial disputes through negotiations.
“If, on the other hand, we launch a nuclear economic war against all countries in the world, business investment will stop, consumers will close their wallets, and We will seriously damage our international reputationsomething that could take years, and even decades, repair. “
The words of Bill Ackmann
President Trump declared Sunday that “Sometimes you have to take medicine”when asked about the fall of the markets, and denied being intentionally causing a massive sale.
“I don’t want anything to go down, but sometimes you have to take medicine to fix something,” Trump told journalists aboard the Air Force One, in relation to the economic impact of their generalized tariffs.
Bill Ackman.jpeg
“We have been treated very badly by other countries because we had stupid leadership that allowed this to happen,” he added.
The Asian markets started the week with difficulties, after the strong fall of the futures of Wall Street, while investors bet that the growing risk of recession in the USA would lead to the Federal Reserve to cut the rates as soon as in May.
Trump, however, did not show signs of giving in his tariff posture. “What will happen to the markets, I can’t say it. But our country is much stronger,” he said.
In addition, he said that I wouldn’t make an agreement with Beijing Unless the trade deficit with China is resolved: “Unless we solve that problem, I will not make an agreement,” Trump said.
Source: Ambito
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