Donald Trump’s billionaire patrons urged the US president to suspend the recently announced trade tariffs or to danger “self -induction, economic nuclear winter.”
Among the market turmoil, hedge fund manager Bill Ackman said it should take three months to allow the president to renegotiate a transaction with the United States.
On Monday, ACKMAN’s warning Trump’s tariff says there is a risk of raising the price of Americans.
Despite the shockwave, the US president is moving forward. As the White House rushes to label rumors, he can suspend new tariffs with “fake news”.
The rumor that Trump is considering suspension for 90 days on Monday morning raised the stock market for a while after reporting on the financial network CNBC.
The White House almost immediately shot down the report to show Trump’s promise to the new income tax. The stock price has been greatly stabilized.
The “baseline” tariffs on most countries announced last week’s products were already in effect, and the “mutual” rates with high “mutual” charges, which are to be imposed on “worst criminals”, are expected later this week. In some countries, we are trying to negotiate a low ratio with the White House.
The new tariffs that Trump already worn in Canada and Mexico are worried about the business and economic leaders that all car imports will raise the price of US consumers and create a global trade war.
According to media reports, Black Rock (BLACKROCK), the world’s largest asset manager, said on Monday that tariffs will raise prices, inflation, and contribute to economic downturn.
Larry Fink, the CEO of the company, said at the New York Economic Club Conference, “Most of the CEOs I’m talking about are probably in the economic downturn.
Goldman Sachs estimated a 35%chance of a week ago and said that the US had a 45%chance of entering the recession after estimating a 35%chance of being a week before the customs plan was released at the “Liberation Day.”
Trump said the income tax will increase his country with new jobs and investments.
He defended them on Sunday and told reporters, “Sometimes you have to take medicine to fix something.”
~ Inside His post about X On Sunday, ACKMAN admitted the world trade system as “disadvantaged”.
But he wrote that Trump’s tariffs were “huge and unbalanced” and did not distinguish between American friends.
Pershing Square HEDGE Fund Management Company Founder ACKMAN became a famous supporter of Trump, a Republican in July 2024.
He previously supported the Rival Democratic Party and his intervention was considered an important election approval in the business world.
The Trump administration’s “mutual” fare can be up to 50%. It will be imposed in some important manufacturing centers in Asia.
Many countries have sweared to respond, and China has already retaliated with new tariffs on products imported from the United States. On Monday, Trump threatened to add 50% tariffs to the country’s products, which will raise the tax to more than 100%.
Trump is shattering investor trust in the United States, starting with the “economic war on the world,” ACKMAN said.
ACKMAN said the US leader now has the opportunity to convene 90 days, negotiate and solve unfair asymmetric tariffs, and induce a new investment in Korea.
According to his position on Sunday, he felt that the ball returned to Trump’s court. After a previous message about X, leaders from other countries urged “to pick up the phone” to deal with Trump.
As stock markets around the world continue On Monday, their slump, JPMORGAN CHASE, provided a warning of “many uncertainty” for the new customs policy.
DIMON said in a letter to shareholders that the tariffs are “more likely to increase inflation and many people will have more likely to recession.”
“The faster this problem is solved, the more negative impacts are, so it is better because it becomes more difficult to accumulate and reverse over time.”
Trump’s officials have neglected the risk of recession. The standard 10% tariff is already valid and a higher rate in some countries on Wednesday.
Trump himself said on Sunday, on a plane back to Washington, DC, Europe and Asian countries said they are “dying for transactions.”
2025-04-07 19:31:00
