Prominent hedge fund manager Bill Ackman posted a long article, issuing a stern warning about the potential global economic collapse brought by Trump's tariff plan and strongly urging Trump to suspend the plan for 90 days.
Ackman stated that the "unfair tariff system" is a critically important issue that needs urgent resolution, but it cannot be resolved in just a few days. Suspending tariffs would not only give the president more negotiation time but also allow businesses of all sizes to adjust their supply chain layouts. "Otherwise, great uncertainty may impact market confidence and even drag the U.S. economy into a severe recession," he said.
Original article: https://www.toutiao.com/article/1828699862204492/
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