President Donald Trump announced Wednesday via a social media position 90 -day break in its aggressive price plan against certain countries, sending undulations into the business world.
The market, which had dropped after the news of the president’s commercial strategy, increased in response to the planned break, While industry leaders from all over the political spectrum have given their initial reactions.
Bill Ackman
The Millionaire Billion Ackman’s Hedest Fund manager, in an article on X, wrote: “This was brilliantly executed by @REALDONALDTRUMP. Manuel, Art of the Agreement.”
Ackman had previously pleaded for a break in the implementation of prices “to allow negotiations to be completed without a major global economic disturbance which will harm the most vulnerable companies and citizens in our country.”
“The advantage of @realdonaldtrump’s approach is that we understand who are our favorite business partners and are the problems,” said Ackman in a separate article following the announcement of the break. “China has proven to be a bad actor. Our counterparts also have a taste of living if they do not remove their commercial barriers. This is the perfect configuration for trade negotiations over the next 90 days.”
Ackman continued: “Advice for China: pick up the phone and call the president. He is a difficult but fair negotiator. The longer China is, the more the result for China.”
Elon Musk
Shibetoshi Nakamoto, the pseudonym of the co-creator of Dogecoin, Billy Markus, has published a hypothetical declaration on X who said: “The next 4 years will be crazy roller coaster, right?” Tesla CEO, Elon Musk, simply replied with a “100” Emoji.
Related stories
Business Insider tells the innovative stories you want to know
Business Insider tells the innovative stories you want to know
David Sacks
The co -founder of Paypal and Yammer, David Sacks, posted on X to declare Trump’s reversal on the prices a massive victory for the president.
“They did everything they could to panic,” wrote Sacks. “They predicted a black Monday that never came. They became jubilant on an intra -day correction on Tuesday. They rooted for Trump even if it meant that the market and the economy crashed.”
The founder and investor of technology continued: “Fortunately, their hopes were wiped out. Trump was justified. China is isolated, and the rest of the world is aligned to negotiate new commercial offers. Do you think that it would have happened if Trump had asked for world trade.
Diane Swonk
Diane Swonk, chief economist of the KPMG professional service company, wrote in a series of messages on X which, despite the news of the implementation of implementation, the country has “not escaped tariff problems”.
“The effective rate rate is in fact higher with the break that it was announced on April 2, due to the prices on China,” wrote Swonk. “There will be a certain diversion by the countries of the connector. However, the effective rate rate now reaches 30.5% during the break. It is worse than our worst scenarios.”
She added: “The tariff break is a target target and taking into account the high level of tariffs on China and 10% at all levels and potentially more in the pipeline, takes the effective rate rate to a record. The market must be hoped that everything is fine.”
Spencer Hakimian
The founder of the Hedge Fund Tolou Capital Management was not too satisfied with the recent back and forth on Trump’s prices, writing in a series of messages on X that we are now “back to Square One” after Trump’s latest reversal.
“Nothing has done. Nothing has changed. But we won in a way. Well,” wrote Hakimian.
In a separate article, Hakimian deplored the lack of clarity in Trump’s pricing strategy, whatever the economic result.
“Even if you support all from last week. From climbing back to walking, although it is intrinsically contradictory to support both. Everyone admits that the deployment and the rollback of all this have been unnecessarily sloppy and not very clear, right? Or is it also a voodoo 8D chess strategy? “”
Chris Falic
Chris Falic, partner of the venture capital company First Round Capital, posted on X a screenshot of the tickers of several actions in full explosion, writing, “good to be released from the Liberation Day”.
“If your portfolio drops by x% and then increases by x%, you will always be below your starting point,” wrote Falic in a separate article. “The greater the drop, the more pronounced this effect. A decrease of 20% followed by an increase of 20% leaves you 96% of your original value.”
Mark Cuban
On Bluesky, the alternative social media site, Cost Plus, the co -founder of the drugs and the star of “Shark Tank” Mark Cuban rested a declaration by economist Paulo Dos Santos, who described Trump’s prices as “The ivermectin of the economic strategy”, referring to the anti-parasitic drug used by some to treat COVVI-19 infections, despite the reserves of the medical community.
In a separate article carried out just before the announcement of the price break, Cuban wrote: “What some people do not take into account their analysis is the reality that companies bought tons of inventory to beat the prices. It is in species to be able to invest or hire. In fact, the costs and jobs probably reduced.”
businessinsider
