Billionaire investor would ‘not be surprised’ if Trump postpones tariffs
From Cointelegraph
April 6, 2025 1:44 am:
Billionaire investor Bill Ackman suggests Trump may delay tariffs to negotiate deals before they take effect on April 7. Ackman predicts Trump may announce a postponement on Monday, allowing time for negotiations. Trump signed an executive order imposing a 10% baseline tariff on all imports starting April 5, with harsher tariffs for trade deficit countries on April 9. Ackman supports Trump’s tariffs to correct an “unfair tariff regime” that has negatively impacted the US economy. After Trump’s announcement, the US stock market experienced a significant decline compared to the crypto market’s stability, catching the attention of industry supporters and skeptics. Crypto voices like BitMEX co-founder Arthur Hayes and Gemini co-founder Cameron Winklevoss have expressed support for Trump’s tariffs. Ackman believes a delay would give companies time to prepare for changes, preventing economic uncertainty that could lead to a recession. Ackman anticipates April 7 as a pivotal day in US economic history.
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