Millionaire Investor Bill Ackman, a rare critic among the highest supporters of US President Donald Trump, expressed concern about the President’s tariff strategy and said, “That’s not what we voted”.
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Ackman emphasized the risks of tariffs, in particular their potential to harm the reputation of the US trusted business partner. In the paper on X, Ackman said: “President Donald Trump is not an economist and therefore relies on his advisors to make these calculations to determine policy. The global economy is withdrawn due to poor mathematics.”
He emphasized the importance of business confidence and said, “Business is a game of self -confidence and trust depends on trust,” Trump suggests that Trump has violated this confidence. Ackman warned: “The President loses the trust of business leaders around the world. The consequences for our country and millions of our citizens who supported the President will be really negative. This is not what we voted for.”
Ackman, while acknowledging the existence of unfair business practices, criticized excessive tariffs and claimed that they were threatening to undermine global confidence in the US as a reliable business partner. “By placing massive and disproportionate tariffs on our friends and our enemies, and thus we start the global economic war against the world at once, we are in the process of destruction of trust in our country as a business partner, as a business and as a market for investing capital,” he concluded.
Business is a game of self -confidence and trust depends on trust.
President Donald Trump’s aggressive increase in President Donald Trump last week caused a sharp decline in the stock market, aroused concerns about Wall Street leaders and intensified concerns among economists about the potential recession in the US, reported AP.
The new tariffs, which are about to enter into force on Wednesday, include a large 10% duty on almost all countries along with other import taxes focused on 60 countries. Economists warn that the scale and the rapid implementation of these increases could significantly disrupt the economy, although some measures are partially reversed in the upcoming negotiations, as stated by the APs.
This is not what we voted for.
(Tagstotranslate) Trump’s tariffs
