Elon Musk says he expects the future where tariffs are no longer necessary for the US and Europe.
Billionaire investor Bill Acman President Donald Trump’s reciprocal tariff was called for a 90-day “time-out”, the United States warning “self-inspired, economic nuclear winter”.
In a long X post on Sunday, the billionaire founder of Persing Square Hedge Fund Management argued that the US “is 100% behind the President to fix a global system of tariffs, who has denied the country,” but insisted that business is “a game of confidence and depends on the trust.”
Ekman, who supported the Republican presidential candidate in July 2024 after supporting the Democratic Party already, admitted that Trump has “raised” Tariff issue The most important geo -political issue in the world, and has attracted everyone’s attention. ,
“So far, so good. And yes, other countries have taken advantage of America by protecting their domestic industries at the cost of millions of jobs and economic growth in our country,” Ekman wrote. “But, by placing a large scale and inconsistent tariff on our friends and our enemies, and thus starting a global economic war against the whole world at once, we are in the process of destroying faith in our country as a market to trade, and to invest capital as a business partner in our country.”
Bill Acman says that USD to UN is ‘entitled to be careful’
Bill Ekman spoke at the 2024 Persing Square Foundation Award Dinner at Park Avenue Armary on June 17, 2024 in New York City. (JARED Siskin / Patrick McMulin Getty Embolce / Getty Image)
Ekman said that Trump has an opportunity to “call 90-day time, interact and solve inappropriate asymmetric tariff deals and inspire new investment trillions in our country.”
If not, Ackman said, on April 9, the United States “will” start an economic nuclear war on every country in the world, “and” business investment will grind a stop, consumers will shut down their wallets and pocket books, and we will severely harm our reputation with the rest of the world which will take years and potentially rehabilitation. “
Trump continued drowning in Europe and Asia markets after urging Americans. “Hanging hard” On its mutual tariff scheme that sent Wall Street to a frenzy last week. The White House has promised to carry high customs tariffs on nearly 60 countries considered “worst criminals” on Wednesday, April 9.
In a new truth social post on Monday morning, Trump said that “oil prices are down, interest rates are down (slow -moving fed rates should be cut!), Food prices are below, there is no inflation, and the USAs that have been misbehaved for a long time are bringing the USAs in billions of dollars in a week which are already in place.”
“This is despite the fact that the largest addicts of all of them, China, whose markets are crashing, increased their tariff to 34%, not accepted my warning to misbehave with countries, on top of its long -term ridiculous high tariffs (plus!). “They have made enough for decades, taking advantage of the Good Oil ‘USA! Our previous’ leaders’ are blamed for allowing this, and much, for being with our country.”
CEO and portfolio manager Bill Acman at Persing Square Capital Management attends the New York Times annual deilments at Jazz at Lincoln Center on December 4, 2024 in New York City. (Michael M. Santiago / Getty Images / Getty Images)
Meanwhile, Ekman said that he did not know about a CEO or Board of Directors, which would be comfortable to create “large, long -term, economic commitments” in our country amidst an economic nuclear war. When the markets crash, he said, “The new investment stops, consumers stop spending money, and businesses have no option but to invest and reduce fire fighting employees.”
Ekman said that small and medium -sized businesses and entrepreneurs would experience “much more pain” than larger companies. He wrote, “Almost any business can undergo a huge increase in costs for its customers overnight.” “And it is true that even if they have no debt, and, unfortunately, the system has a huge amount of lens.”
“Business is a confident game. The President is losing Business leaders trust Worldwide, “Ekman continued.” Results for our country and our millions of citizens who have supported the President-especially in consumers with low-income consumers who are already under huge amount of economic stress-are going to be seriously negative. ,
On April 2, 2025, after the executive orders of President Donald Trump, after the executive orders of President Donald Trump, after imposing tariffs on imported goods during the “Make America Amir again” business declaration program, departure. (Andrew Harnik / Getty Image / Getty Images)
“This is not what we voted,” he said. “The President has an opportunity for a time on Monday and is the time to execute an improper tariff system. Alternatively, we are going to a self-inspired, economic atomic nuclear winter, and we should start hacking down. Cooler heads may be strong.”
Ekman also introduced a reason that he said that he believes that Trump’s Commerce Secretary Howard is “indifferent towards the crash of the stock market and the economy.”
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The famous hedge fund manager wrote on X, “He and canter are long bonds. When he makes a profit in our economy,” the famous hedge fund manager wrote on X. “This is a bad idea to choose the Commerce Secretary, whose firm takes advantage of a long time fixed income. It is an irreversible conflict of interest.”