Billionaire investor Bill Ackman believes President Trump will postpone the planned tariffs. He thinks the President’s phone has been blowing up with calls from other countries trying to negotiate.
Too Many Calls, Not Enough Time
Ackman, CEO of Pershing Square Capital Management, posted on X (formerly Twitter) that there isn’t enough time for Trump to deal with every country individually before the tariff deadline. Therefore, he predicts a postponement.
A Pause for Negotiations?
Ackman argues that delaying the tariffs makes sense. It would give the President time to properly negotiate better trade deals and allow businesses to adjust their supply chains. He points out that the uncertainty caused by the impending tariffs could trigger a recession.
Monday’s Market Impact
Ackman concludes that Monday will be a pivotal day for the US economy, as the President’s decision on tariffs will likely have a significant impact.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before making any financial decisions.
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