Ackman Warns Tariffs Could Trigger 'Economic Nuclear Winter'

Billionaire hedge fund manager Bill Ackman has issued a stark warning about the potential consequences of President Trump's proposed tariffs. Ackman believes that the planned import taxes could shatter investor confidence and trigger a severe economic recession, which he likened to an 'economic nuclear winter.'

Ackman emphasized that stable trade relations are crucial for a thriving economy. He argued that imposing tariffs creates uncertainty and disrupts supply chains, ultimately harming businesses and consumers. He urged the President to pause the implementation of these tariffs and reconsider their potential impact on the global economy.

The risk of an economic nuclear winter is real if these tariffs go into effect, Ackman stated in a recent interview. He added that while he supports the President's efforts to protect American industries, he believes that tariffs are not the right approach and could have devastating consequences.