American billionaire speaks out!
In response to Trump's announcement of reciprocal tariffs that triggered a seismic shock in global markets, Bill Ackman, the American billionaire and CEO of Pershing Square (Pershing Square) investment fund, called on social media: "The president can halt the tariffs for 90 days, engage in negotiations, and resolve unfair and asymmetrical tariff agreements." He warned that if the tax plans are not eased, the U.S. will face an "economic nuclear winter," and Trump will "lose the trust of global business leaders."
Trump's tariff war has overturned the global economic chessboard, causing significant fluctuations in the three major U.S. stock indices (the Dow Jones Industrial Average saw a single-day swing exceeding 3%), and leading to a loss of trillions of dollars in market value for U.S. tech giants and energy companies. Within 48 hours after the policy took effect, global markets fell into panic selling, with the S&P 500 index falling by 5.7% in a single week. Tesla, NVIDIA, and other star companies' stock prices plummeted more than 15%, and the wealth of the top ten richest Americans decreased by over 230 billion U.S. dollars.
The cost of this tariff war is being transmitted to American society at an exponential rate. Facing this self-destructive economic gamble, American business leaders have collectively raised red flags. Ackman's warning is far from alarmist: if the "tariff stick" is allowed to continue, the U.S. will face a "nuclear winter" of collapsing corporate confidence and accelerated capital flight. The 90-day negotiation window he calls for is actually the last step left for the Trump administration - after all, 40% of revenue for U.S. tech companies depends on overseas markets, and the outcome of this zero-sum game has long been predetermined.
Original article: https://www.toutiao.com/article/1828744484266123/
Disclaimer: This article represents the author's personal views only.