Billionaire hedge-fund manager Bill Ackman argued on X this past weekend that China “can’t win a waiting game” in the deepening U.S.–China trade war. Ackman warned that every extra day of triple-digit duties pushes multinational corporations to “India, Vietnam, Mexico, the U.S. or some other country,” eroding China’s status as the world’s factory and ultimately hurting both economies.
The tweet lands as tariffs stand at historically high levels. After an early-April escalation, U.S. levies on most Chinese imports now average about 145%, while Beijing retaliated by lifting its own average rate to 125% on U.S. goods.
