Hedge fund manager Bill Ackman: Speculates that Trump will delay the implementation of tariffs to have time to reach an agreement
ChainCatcher news, renowned hedge fund manager Bill Ackman posted on social media: Before the tariffs take effect, Trump simply does not have enough time to reach an agreement. Therefore, I would not be surprised if I wake up on Monday to hear the president announce a delay in the implementation of tariffs to allow time for an agreement to be reached.
"President Trump has drawn the attention of the world and our trading partners, emphasizing the importance of addressing the unfair tariff system that has harmed American workers and destroyed our industrial base for decades. This is an extremely important issue that needs to be resolved, and we finally have a president committed to addressing it.
But this issue cannot be resolved in a matter of days, so why not pause and give the president time to properly address this critical issue and allow companies, big and small, time to prepare for changes in the supply chain? The risk of not doing so is that a significant increase in uncertainty will lead the economy into recession, or even a severe downturn. One thing is for sure: Monday will be one of the most interesting days in the history of our economy."