Pershing Square CEO Bill Ackman, who strongly backed Donald Trump in the presidential election, is calling for a 90-day pause on the tariffs imposed around the world as markets continue to plummet as a result. Otherwise, he warned, the world will enter a "self-induced economic nuclear winter."
In a lengthy post on X, Ackman said that Trump "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," he added.
