Billionaire Ender Fund Bill Ackman, who last year supported President Trump, provides a flagrant warning about the risks of the White House tariff plans, on the pretext that they may cause the economy to collapse while Trump supporters are more harmful than others.
“Work is a game of confidence. The president loses confidence in business leaders around the world. The consequences of our country and millions of citizens who support the president-especially consumers with low income consumers who suffer from a great deal of economic pressure-will be strongly negative,” he wrote.
Ackman began a lengthy post on the social platform X by praising the Trump strategy, on the pretext that the nation is “100 %” behind Trump to repair a trading system in the country.
But while Trump has raised the issue and attracted everyone’s attention, “by putting a huge and non -proportional tariff for our friends and enemies alike, thus launching a global economic war against the entire world at the same time, we are in the process of destroying confidence in our country as a commercial partner, as a place to carry out business and markets to invest the capital.”
He said that Trump should consider summoning “90 days of time” that would allow him to negotiate and resolve “asymmetric tariff deals, and stimulate trillion dollars from the new investment in our country.”
If this does not happen, instead, the United States launches “the economic nuclear war on every country in the world, the investment of business will stop, and consumers will close their wallets and pocket books, and we will severely damage our reputation with the rest of the world that will take years and perhaps rehabilitation contracts.”
“What is the CEO and what is the board of directors that will be comfortable to take great and long -term economic obligations in our country in the middle of the economic nuclear war? I don’t know someone who will do that.”
Akaman predicted that if the markets are disrupted, “the new investment stops, consumers stop spending money, and companies will have no choice but to reduce investment and fire workers.”
To date, the markets have decreased for two days in response to the great definitions announced by Trump, Futures down significantly Sunday evening before they opened Monday morning.
The largest companies are argued as well as small and medium -sized companies and businessmen will suffer from pain if the negative consequences are revealed. He expected prices to rise, which is what Trump officials On Sunday it was reduced.
“Almost no work can pass through a huge increase in costs for its customers. This is true even if they do not have debts, and unfortunately, there is a huge amount of leverage in the system,” he wrote.
Akman also warned that Trump risks negative consequences for those who support him.
“This is not what we voted in favor of.