Billionaire Bill Ekman warned Trump: Tariffs can give rise to economic nuclear winter! , world News
Billionaire hedge fund manager Bill Acman The President is requesting to hit the brake to sweep the new tariff with Trump, warns that Global economy Tatering is on the edge of a “self-inspired” Economic nuclear winter,
In a long post at X on Sunday night, Acman- once a vocal Trump Baker brought the President to the ground to call a temporary timeout.
“The President has an opportunity for a time on Monday and is the time to execute an inappropriate tariff system,” Ekman wrote. “Alternatively, we are going to a self-inspired, economic atomic winter, and we should start hooking down. The cooler head can be strong.”
Despite increasing concern with global markets and corporate leaders, Acman’s comments proceed with 10% cross–board tariff on imports. While Ackman acknowledged the need to improve a global system, which deprived American industries, said that the President’s current approach is backfiring.
He wrote, “100% behind the President to fix a global system of tariffs who deprive the country,” he wrote. “But business is a game of confidence, and trust depends on faith.”
Ackman warned that by targeting both colleagues and opponents with “large -scale and incompatible tariffs”, the administration risked a stable business partner and the risk of tanking the US as a destination for investment.
“We are in the process of destroying faith in our country as a business partner, as a place to trade, and to invest capital as a market,” he said.
Calling for a 90-day break to re-organize “inappropriate asymmetric tariff deals”, Ekman said that the growing trade struggle is already making a cold impact on decision making at the highest level of business.
“Will the CEO and which board of directors be comfortable in making large, long -term economic commitments in our country amidst an economic nuclear war?”
He said that the result would be the most difficult to hit small businesses and low -income Americans.
“Almost any business can undergo a huge increase in costs for its customers overnight,” Ekman said. “This is not what we voted.”
Meanwhile, Trump continued to defend the tariff as a strategy of a tough interaction – and suggested that they could live here. On Sunday, he told reporters riding in the Air Force one that foreign governments would have to pay “a lot of money” to remove the levy, which they called “Medicine”.
The markets responded to the alarm on Monday, as the global indexed continued to slide on the possibility of an all-out Trade war,
