The consequences of President Donald Trump’s new commercial offensive continue to generate adverse reactions among the main figures of the financial world. In the last hours, Jamie Dimon (JP Morgan Chase), Bill Ackman (Pershing Square) and Stanley Druckenmiller They raised their voice against the tariff regime that will govern from the April 9which they qualify as a Strategic error with inflationary, stagning and stock market consequences.
In its traditional annual letter to shareholders, Jamie DimonCEO of JP Morgan Chase, warned that the new tariffs driven by the White House will provoke More short -term inflation and one deceleration of economic growth. Although he pointed out that the risk of recession “remains unknown,” he urged to resolve the crisis as soon as possible to avoid cumulative damage difficult to reverse.
“The faster this problem is solved, the better, because some of the negative effects increase over time,” Dimon wrote in a section entitled “We are no longer in Kansas”where he also warned of impacts on investments, corporate trust and dollar stability.
More direct was Bill Ackmanfounder of Pershing Square, who strongly questioned the implementation of “much higher rates than other countries apply.” Through his X account, he asked Trump suspend the measure for 90 dayswarning that imposing tariffs while the markets are on low “weakens the negotiating position”From the United States.
The striking thing is that Ackman was one of the few financial references that openly backed Trump During the campaign, even after the attempted murder he suffered in July 2024. Despite the losses, he said that his fund will not sell in the middle of chaos: “We will be buyers of large businesses at very lowered prices,” he said.
Criticism also added Stanley Druckenmillerone of the most respected managers of the last decades, who reiterated his rejection of Any rate greater than 10%. He recalled that he had already expressed his opposition in January, and considered that this policy will only bring more uncertainty.
For his part, Bridgewater’s founder, Ray DalioI had already warned weeks ago that the probable scenario with these policies would be one of stagflationthat is, an economy with weak growth but pressed for higher prices.
More than US $ 5 billion evaporated in a week
From the announcement of the new tariff package on April 2, the global markets entered into minced. According to Bloomberg calculations, more than U $ 5 billion In stock value. He Nasdaq a one fell 5.82%he S&P/BMV Mexican IPC He went down a 4.87%and the Brazilian ibvespa He retreated a 2.96%. To him Bitcoin He lost more than 2% in that same period.
Donald Trump does not back down with tariffs
Despite the pressure of some of the most influential investors on the planet, President Trump has not given signals to retreat. His advisors insist that it is a necessary strategy to redefine the rules of international trade “from a position of force.”
The expectation now revolves around whether White House will make your position more flexible before the reaction of the markets, or if the commercial conflict will scales even moredeepening volatility and affecting the global investment climate.
Source: Ambito
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