Billionaire Investor Bill Ackman called on President Donald Trump to temporarily pause tariffs on Chinese imports, arguing such a move would strategically benefit U.S. trade negotiations.
What Happened: Ackman, CEO of Pershing Square Capital Management, stated on X that high tariffs currently disadvantage American businesses while creating urgency for the U.S. in negotiations. He suggested pausing tariffs would reverse this dynamic.
“With the China tariffs in place, time is not our friend as the high tariffs put pressure on American companies — particularly the small ones — and our economy,” Ackman wrote. “If the tariffs are paused, the pressure on the U.S. economy is largely removed and time becomes our friend and China’s enemy.”
“Every U.S. business is already moving its supply chain and manufacturing out of China. And the more time that goes by, the worse it will get for China,” he …