
Ackman Warns of Economic ‘Nuclear Winter’ for Global Markets
Billionaire investor and Pershing Square Capital Management CEO, Bill Ackman, has publicly urged President Donald Trump to implement a 90-day pause on the administration’s recently announced tariffs. Ackman warns that the current tariff strategy risks triggering a “self-induced economic nuclear winter,” potentially eroding global confidence in the United States as a reliable trading partner and investment destination.
Despite these concerns, President Trump remains steadfast in his tariff policies, asserting that they are essential for correcting longstanding trade imbalances. He has downplayed fears of economic repercussions, stating that there is “NO INFLATION” and emphasizing the revenue generated from existing tariffs.
The implementation of these tariffs has already led to significant market volatility, with global stock markets experiencing substantial declines. Business leaders and economists continue to express apprehension about the potential for a global recession if the current trade policies persist.
Ackman’s appeal highlights the growing concern among business leaders regarding the administration’s trade approach and its potential long-term effects on the U.S. economy.