Bill Akman, CEO of Pershing Square Capital Management, talks, during an interview with an episode of “The David Rubenstein Show: Nazer to Nazeer” talks “, in New York on November 28, 2023.
Jinah Moon Bloomberg Gety pictures
Bill investor Bill Akman said that America was heading towards the “economic nuclear winter season”, which it has self -issued as a result of the introduction of US President Donald Trump.
Akman, who supported Trump during the elections, wrote on the social media platform X. By setting a huge and incompatible tariff for our friends and enemies alike, and thus we launch a global economic war against the entire world at the same time, we are in the process of destroying confidence in our country as a commercial partner.
Trump's latest tariff, I had an effect On Wednesday, the foundation line tax was 10 % on all imports, reaching more than 180 countries and bringing global markets.
China has faced the highest tariff, as the Trump administration has imposed 54 % in duties since January. Beijing has taken revenge With 34 % tariffs on all goods imported from the United States.
American stocks crowned an evil week for investors last Friday, a decrease of 9.08 %, according to data from FactSet, as Trump's movements swing from the global economic slowdown. Jp Morgan Raise the possibilities for the United States and the global recession to 60 % By the end of the year, an increase of 40 % before.
“The work is a game of confidence. The president loses the confidence of business leaders all over the world,” Akman said.
“The consequences of our country and millions of citizens who support the president-especially consumers with low income consumers who suffer from a large amount of economic tension-will be very negative. This is not what we voted for.”
Trump has the opportunity to call for any negotiations to resolve any “unfair” tariff deals.
“Instead, we are heading to an economic nuclear winter resulting from itself, and we must start overcoming,” he said.
In a separate tweetAkkam also took footage at US Trade Minister Howard Lottenic. Akman said: “It benefits when our economy explodes. It is a bad idea to choose the Minister of Commerce whose company has a long fixed income,” adding that “a conflict cannot be reconciled.”
On Sunday, I tell Lutnick CBS that the Trump administration It will remain steadfast in the mutual definitions against the main commercial partners Even in the face of the defeat of global stocks.
The US Department of Trade did not immediately respond to CNBC's request for comment.
