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International Business Times UK

Business

Niloy Chakrabarti

Trump Ally Turns on Tariffs: Billionaire Bill Ackman Urges a Pause Before It's Too Late

Bill Ackman Donald Trump United States China Pershing Square Capital Management X

Billionaire hedge fund manager, Bill Ackman. (Credit: Screenshot/ CNBC Interview)

A Donald Trump backer and Pershing Square Capital Management CEO, Bill Ackman, believes the US is '100%' behind the president on fixing the world's tariff system. However, he recently urged Trump in a post on X, formerly Twitter, to temporarily pause the exorbitant tariffs on imports from China.

Ackman believes that a pause would benefit US trade negotiations because the high tariffs currently disadvantage American businesses.

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