Odaily News Well-known hedge fund manager Bill Ackman posted on social media: Trump simply does not have enough time to reach an agreement before the tariffs take effect. Therefore, I would not be surprised if I woke up on Monday and heard the president announce a delay in the implementation of tariffs to allow time to reach an agreement.
“President Trump has captured the attention of the world and our trading partners and highlighted the importance of addressing the unfair tariff system that has harmed American workers and destroyed our industrial base for decades. This is an extremely important issue that needs to be addressed, and we finally have a President who is committed to solving it.
But this problem can’t be resolved in a few days, so why not pause to give the President time to properly address this critical issue and to give companies large and small time to prepare for supply chain changes? The risk of not doing so is that the massive increase in uncertainty will cause the economy to fall into a recession, even a severe recession. One thing is certain. Monday will go down as one of the most interesting days in the economic history of our country.”