Billionaire fund manager tries to persuade US president over tariffs, which have wiped $6tn off US stocks
Donald Trump supporter and billionaire fund manager Bill Ackman has said the president is losing the confidence of business leaders and should pause his trade war – which could cause an economic collapse while damaging his supporters the most.
“The president has an opportunity to call a 90-day time out,” Ackman said on Sunday in a post on X, to resolve trade issues via negotiation.
Reuters contributed reporting