Bill Ackman, the billionaire investor with a taste for the crypto scene, is calling it, Donald Trump might just hit the pause button on those tariffs. Why? To give himself some breathing room to make deals, of course.
Because, let’s face it, Trump’s phone has been ringing nonstop since he announced those tariffs. The man needs time to negotiate, and fast.
One would have to imagine that President @realDonaldTrump’s phone has been ringing off the hook. The practical reality is that there is insufficient time for him to make deals before the tariffs are scheduled to take effect.
I would therefore not be surprised to wake up Monday…
— Bill Ackman (@BillAckman) April 5, 2025
Tariffs
Ackman isn’t just speculating, he’s likely got a point. Trump signed an executive order on April 2, slapping a 10% tariff on all imports starting April 5.
Harsher tariffs are set to kick in on April 9, targeting countries with whom the US has significant trade deficits.
It’s a big move, but Ackman thinks Trump might just delay it all to avoid economic chaos.
The day
Now, you might remember Ackman as the guy who stood by crypto after the FTX collapse, saying it’s here to stay.
He’s not afraid to speak his mind, and this time, he’s warning that if Trump doesn’t hit pause, the economy could slide into a severe recession.
The stakes are high, guys, and Ackman thinks that April 7 is shaping up to be one of the most interesting days in US economic history.
Dip
Simply put, Trump’s tariffs have already sent shockwaves. On April 4, the US stock market lost more value than the entire crypto market is worth. Pretty ironic that crypto, the underdog, held up better than Wall Street.
It’s a strange world we live in. Even crypto bigwigs like Arthur Hayes and Cameron Winklevoss are backing Trump’s tariffs.
For 50 years our country has sold out Main Street in favor of Wall Street. Past Presidents have relentlessly pursued globalization deindustrialization policies that favored Capital and decimated the American middle class. Time for change. Tariffs are going to reset bad trade…
— Cameron Winklevoss (@cameron) April 5, 2025
What’s next? Will Trump delay those tariffs? Only time will tell, but the world is watching, and the stakes are higher than ever.
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