Ackman Calls Trump Tariff Plans Economic 'Mistake'

Billionaire hedge fund investor Bill Ackman has openly criticized President Trump's upcoming global tariffs set to launch on April 9, calling the move a 'mistake' and warning of severe economic repercussions for both businesses and low-income consumers. He argues that the broad, aggressive tariff strategy risks triggering a global economic conflict that could undermine confidence in the U.S. as a trading partner. Ackman suggested a '90-day timeout' for negotiations to reach more equitable tariff agreements, emphasizing that uncertainty could lead to a significant decline in investment and consumer spending. His comments reflect a growing dissent among prominent investors regarding the administration's trade policies, including similar criticisms from Stanley Druckenmiller and Ray Dalio. As markets reacted negatively to the tariff news, analysts fear that escalating tensions could lead to a trade war, further straining the already fragile U.S. economy. Ackman's advice to global leaders is to engage with Trump to negotiate favorable terms and prevent further economic fallout.