Bill Ackman, CEO of Pershing Square Capital Management, speaks during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” in New York on November 28, 2023.
Jeenah Moon | Bloomberg | Getty images
The lecture funding Bill Ackman pushed a sigh of relief after President Donald Trump temporarily abandoned some of the abrupt “reciprocal” prices, triggering a gathering of monsters in risk assets.
“Thank you on behalf of all the Americans,” Ackman wrote in an article on the social media platform X. Shortly after, he added: “It was brilliantly executed by @realdonaldtrump. Manuel, art of agreement.”
His comments occurred after Trump announced a 90 -day break on the reciprocal rates that were imposed on dozens of business partners, while increasing the rights of China again to 125%. Trump said more than 75 countries contacted US officials to negotiate after unveiling his new prices last week.
“The advantage of the approach of @ Realdonaldtrump is that we now understand who our favorite business partners are and who are the problems,” said Ackman in another article. “This is the perfect configuration for commercial negotiations in the next 90 days. Advice for China: pick up the phone and call the president. He is a difficult but fair negotiator.”
Ackman, one of Trump’s most frank donors to Wall Street, said that he was “completely favorable” to Trump using prices as a negotiation tool, but as the commercial struggle was intensified quickly, he recently warned that the president could have gone too far.
On Sunday, the CEO of Pershing Square Capital Management said that America was heading for a self-inflicted “economic winter” due to Trump’s steep prices, urging a break for the country’s specific levies.
“Business is a game of trust. The president loses the confidence of business leaders around the world,” said Ackman in an X Post during the weekend.
Ackman also accused the secretary of trade Howard Lutnick of having benefited from the economic accident by betting on state obligations, citing an “unacceptable conflict of interest”. The billionaire investor then submitted his criticisms, calling him “unfair” and saying that external observers “did not know how sausage”.
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