Bill Akkam has a warning to President Donald Trump: stop working on the trade war on the risks that disrupt the economy.
“The country is 100 % standing for the president in reforming a global system of customs tariffs that deprive the country,” Ackman, CEO of Pershing Square Management, He said in a lengthy post on Sunday on X. “But the work is a game of confidence and trust that depends on confidence.”
“By setting a huge and incompatible tariff for our friends and enemies alike, and thus launching a global economic war against the entire world at the same time, we are in the process of destroying confidence in our country as a commercial partner, as a place to carry out business, and our market for capital investment.” “The president has an opportunity to contact 90 days, negotiate and solve uncomfortable tariff deals, and urges trillion dollars from the new investment in our country.”
“Instead, we go to the economic nuclear winter caused by itself, and we must start to abandon,” he added. “Cold heads may prevail.”
Akman’s warning came yet Trump’s announcement last week of comprehensive definitions In almost every American trading partner, he sent shares to their worst week since the Coronavirus virus was rising. The stocks spent their worst day in five years on ThursdayAnd then I did it again on Friday.
The Long Missive came shortly before the stock futures trading on Sunday evening referred to another bloody day on the market on Monday. The S&P 500 Futures sank at 5.3 % with the opening of Premark Trading on Sunday, while heavy NASDAQ decreased in technology by 5.4 % and the average of the 4.3 % Dow Jones Future decreased.
The stocks also fell in Asia. As the red accumulated, Take the Akman to X again“There is still time to stop the shooting before millions of people are hurt.”
Trump struck a challenging tone as a reaction to the sale of the extended market, Saying epistemic policies “will never change.” He stood on the ground on Sunday evening, Writing on its website on social media is social truth: “One day people will realize that the customs tariff, for the United States of America, is a very beautiful thing!”