Economy

Billionaire Bill Ackman Supports Trump's Tariffs But Advocates for a Strategic Delay

Bill Ackman's Call for a Tariff Implementation Delay

Renowned billionaire investor Bill Ackman has expressed his strong backing for President Donald Trump's tariff strategy. However, he proposes a brief postponement before its execution to mitigate potential global economic disruptions.

The Rationale Behind the Delay

Through a post on X, Ackman recommended a 30, 60, or 90-day pause prior to the tariffs' enforcement. This period, he argues, would facilitate crucial negotiations and avert significant global economic turmoil.

A Balanced Approach to Trade Negotiations

"Implementing tariffs without allowing time for deal-making causes undue harm. If a country fails to negotiate in good faith, then President Trump can enforce the tariffs," Ackman stated, emphasizing the importance of a measured approach.