Bill Ackman warns that high tariffs could harm investments and consumer spending, calls for moderation.

From Yahoo Finance: 2025-04-12 11:30:00

Bill Ackman, of Pershing Square Capital Management, has outperformed the stock market in the past five years. Although he supported Trump during the campaign, he disagrees with the president’s stance on tariffs. The Nasdaq Composite plunged over 10% from April 2 to Friday due to investors fleeing the market amid fears of reciprocal tariffs.

Ackman believes tariffs can protect industries and workers, but worries about the impact of blanket reciprocal tariffs on the U.S. reputation as a trading partner. He suggests a 90-day timeout to prevent economic damage. Some users support Trump’s tariff approach, while others criticize both Trump and Ackman for their views.

With Trump’s swift actions causing uncertainty in the stock market, Ackman warns that high tariffs could halt business investments and consumer spending. He suggests a moderate approach to tariffs to strengthen the country without damaging international trade relationships. Some users defend Trump’s tariff strategy, while others express concern for its impact on the economy.



Read more at Yahoo Finance: ‘When Markets Crash, New Investments Stop, Consumers Stop Spending Money’