Bill Ackman urges Trump to pause ‘economic nuclear war on every country’

Bill Ackman: ‘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.’ Photograph: Mike Blake/Reuters

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.