Billionaire hedge fund manager Bill Ackman, known for his outspoken support for President Donald Trump, has issued a stark warning over the state of the global economy, describing it as teetering on the edge of a 'self-induced economic nuclear winter'.
Ackman, who runs Pershing Square Capital Management, took to social media on Sunday night urging Trump to reconsider sweeping new tariffs, warning that escalating trade tensions could devastate markets and erode investor confidence. In a post shared to his 1.2 million followers, he called for a '90-day timeout' to reassess trade policy, expressing concern that an aggressive stance could lead to an economic breakdown both domestically and internationally.
