Hedge fund billionaire Bill Ackman has built a successful career from a deep understanding of the economy and business landscapes. While some wring their hands over President Trump’s tariff strategy and panic over short-term market reactions, Ackman shared a comprehensive argument on X on why no one should bet against Trump. Ackman shared, “@VDHanson makes a compelling case for the @realDonaldTrump tariff strategy, but gets one issue incorrect. He describes the Trump tariffs as reciprocal and proportional to those other nations have assessed on us.” “In actuality, the Trump tariffs were set at levels substantially above, and in many cases, at a multiple of the counterparty country’s tariff levels.” “Initially, the market responded favorably, up more than one percent when Trump referred to ‘reciprocal tariffs’…
Click here to read the full article at The Gateway Pundit.
