"Trump Tariffs Are Economic Nuclear War… Destroying the Market"

Uk Jin

Summary

Bill Ackman criticized President Trump's tariff policy for destroying the market.
Warned that there will be no large-scale investments in a country that has initiated an economic nuclear war.
Ackman suggested reconsidering the tariff policy, expressing concerns over halted new investments and reduced consumer spending.

Criticism of President Donald Trump's tariff policy is growing.

On the 6th (local time), famous hedge fund investor Bill Ackman stated on X (formerly Twitter), "I agree with President Trump's intention to fix the current system where the U.S. is losing internationally," but pointed out that "his tariff policy is destroying the market."

He continued, "Imposing massive and unbalanced tariffs on allies and adversaries is a declaration of global economic war against the world," warning that "this could greatly undermine the credibility of the United States."

Ackman also compared Trump's tariff policy to nuclear war. He said, "No company will make large-scale investments in a country that has initiated an economic nuclear war," adding, "If the market crashes, new investments will halt, and consumers will stop spending."

Finally, Ackman suggested, "This is not the situation voters wanted," and advised that "President Trump needs to reconsider his tariff policy on Monday."