Billionaire hedge fund titan Bill Ackman unleashed a scathing rebuke of President Trump’s sweeping new tariffs, warning that the White House is marching the U.S. economy straight into what he chillingly calls an “economic nuclear winter.”
Ackman, once a vocal supporter of Trump’s economic agenda and a high-profile endorser during the 2024 campaign, sounded the alarm in a blistering statement posted on X, declaring that the president’s aggressive trade war strategy could cause markets to collapse, investment to vanish, and Trump’s own base to suffer the worst consequences.
“Business is a confidence game,” Ackman wrote. “And the president is losing the confidence of business leaders around the globe.”
At the heart of Ackman’s criticism is the administration’s decision to impose massive tariffs not only on adversaries like China, but also on U.S. allies, sending a shockwave through global markets. Wall Street has already responded with two days of sharp losses, and futures continued to plummet Sunday night in anticipation of further turmoil.
While Ackman praised Trump for “elevating a broken global trading system” and generating long-overdue attention, he warned that the president’s current approach—“a global economic war against the whole world at once”—risks unraveling the very confidence that fuels investment, innovation, and growth.
“We are in the process of destroying confidence in our country as a trading partner, as a place to do business, and as a market to invest capital,” Ackman wrote. “What CEO and what board of directors will be comfortable making large, long-term economic commitments in our country in the middle of an economic nuclear war? I don’t know of one.”
Ackman called on President Trump to pause the tariffs for 90 days in order to re-engage with allies, renegotiate unfair trade deals, and avoid a full-scale economic meltdown.
He warned that if markets crash – as they currently are – “new investment stops, consumers stop spending money, and businesses have no choice but to curtail investment and fire workers.”
“Almost no business can pass through an overnight massive increase in costs to their customers. And that’s true even if they have no debt, and, unfortunately, there is a massive amount of leverage in the system,” he wrote.
“This is not what we voted for. The President has an opportunity on Monday to call a time out and have the time to execute on fixing an unfair tariff system. Alternatively, we are heading for a self-induced, economic nuclear winter, and we should start hunkering down. May cooler heads prevail.”
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4 Responses
Everyone agrees that if the trade war & tariffs continue for long time it will destroy US economy and the the whole world. Like every war the instigater wants a quick victory
However, consider this perspective: ‘Trump’s Wild Secret Chess Move To Make Americans Wealthy Is Already Working!’ (https://madmaxworld.tv/watch?id=67f01af665d8da209dd33542)
Trump is smart enough. When sleep Joe squandered our tax payers money for climate change and sex change where was the fake media. Countries must respect us and not just milk us.
Tariffs and restrictions on free trade have been discredited since the late 18th century. The inevitably are inflationary and result in consumers getting inferior goods at higher prices. As it is the United States has very low unemployment, and manufacturers and agribusiness have trouble recruiting workers (compounded by Trump failing to distinguish between Hispanic gangsters and Hispanic blue collar workers).
The real danger for us (meaning frum Yidden) is that Trump’s policies will so discredit the Republicans that by 2029 we will be confronted by a left-wing Democratic president along with a “Progressive” Congress, and that domestic anti-Semitism and destroying Medinat Yisrael will become government policies.