Billionaires’ business leaders turn to US President Donald Trump for their plan to impose a huge group of definitions on the country’s commercial partners, where the losses accumulate in The value of scholarships around the world.
Billionaire investor Bill AkmanWho supported Trump’s nomination of the presidency in 2024, warned last Sunday that he was carrying the new definitions would be equivalent to the launch of the “economic nuclear war”.
In a publication on Ride X, Ackman stated that “commercial investments will end, and consumers will close their wallets” if the new definitions are already in effect.
He added: “We will seriously harm our reputation with the rest of the world, and it will take years or even decades to restore it.” The post has already been seen 10.6 million times.
Unless Trump changed on his way, “We move to the economic nuclear winter on which the self is raised, and we must start preparing,” Akman, CEO of Pershing Square Management.
“Which CEO and the Board of Directors will be comfortable in making great and long -term economic obligations in the United States amid a nuclear economic war?” He asked, adding that “the president loses the confidence of business leaders all over the world.”
The basic average rate of 10 % has already entered all goods to the United States on Saturday (5), and dozens of economies are preparing for the high tariffs from Wednesday.
Other billionaires and wealthy businessmen have also criticized the Trump tariff agenda in recent days, as fear of their economic effects control the markets.
“It is possible that modern rates of inflation will increase and make many consider a greater possibility of stagnation.”
“The question remains whether the tariff package will lead to stagnation, but it will definitely lead to slow growth.”
The billionaire Stanley Drukinmeleer, founder of the Docison Family Office, an investment company, was deployed on the X network on Monday that “does not support prices exceeding 10 %”. According to the Bloomberg Billionails Index, Drumkenmiller has a wealth of $ 11 billion.
Later, on the same day, billionaire Kane Fischer, founder and CEO of Fisher Investments, also criticized the definitions: “What Trump announced last Wednesday is very stupid, very wrong, and in a commercially ignorant of the problem and faced to a problem that does not exist in the wrong signal.
Fischer noted that he does not usually comment on presidential procedures in public places, “but about the customs tariff, Trump has gone through the borders.”
until Elon Musk – The richest man in the world and one of Trump’s greatest allies – On Sunday, he said that he expected a “zero fare” between Europe and the United States of America.
In an interview with video conferences with Deputy Minister in Italy Matteo Salvini, Musk said he wanted to see an effective free trade zone between Europe and North America.
Sada Akman, Simon Macadam, chief economist in Capital Economics Consulting, companies are likely to postpone investments due to “pure uncertainty” of the Trump tariff policy.
“If you are a medium or large company, you will hesitate a lot about what to do,” he said.
Macdam told CNN.
In his post, Akman said that the new definitions are “huge” and “incompatible”, saying: “This is not the reason we vote.” He has ordered a “truce” for a period of 90 days to negotiate with business partners “to resolve uneven and unfair tariffs.
Trump stated that his customs tariff agenda aims to correct years of unbalanced trade between the United States and its partners, according to him, by other countries to impose higher American products rates that apply to the United States to its own.
But it is clear that investors are not convinced of the logic of the Trump plan. Scholarships in Asia and Europe fell on Monday, and futures referred to another bad day for American work after announcing the tariffs last Wednesday.