Billionaire hedge fund manager Bill Ackman urged Donald Trump to call a temporary time out on his reciprocal tariffs over the weekend, while also acknowledging that he may have misjudged the president as he “assumed economic rationality would be paramount.”
The Pershing Square Capital Management CEO posted a lengthy message to social media on Sunday, where he admitted the tariffs make America look bad and even warned of a possible “economic nuclear winter.”
“The country is 100% behind the president on fixing a global system of tariffs that has disadvantaged the country. But, business is a confidence game and confidence depends on trust,” he began his X post.