Bill Ackman warns Trump is losing business leaders’ confidence, calls for ‘90-day time out’ on tariffs

Billionaire fund manager Bill Ackman, who endorsed Donald Trump’s run for President, said the US leader was losing the confidence of business leaders and should pause his trade war.


Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017.
Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las Vegas, Nevada, on May 18, 2017. REUTERS

“The president has an opportunity to call a 90-day time out,” Ackman said in a post on X, to resolve trade issues via negotiation.


President Donald Trump talks to members of the press aboard Air Force One during a flight to Joint Base Andrews, Maryland, U.S., April 6, 2025.
President Trump talks to members of the press aboard Air Force One during a flight to Joint Base Andrews, Maryland, on April 6, 2025. REUTERS

“If, on the other hand … we launch economic nuclear war on every country in the world, business investment will grind to a halt, consumers will close their wallets and pocket books, and we will severely damage our reputation with the rest of the world that will take years and potentially decades to rehabilitate.”

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