Bill Ackman, one of President Donald Trump’s staunchest defenders among major hedge-fund managers, published a post on X on Sunday urging a “90-day timeout” on some of the tariffs announced by the White House last week.
Otherwise, the U.S. was headed for a “self-induced, economic nuclear winter, and we should start hunkering down.”
Ackman’s comments came as U.S. stock futures opened sharply lower on Sunday evening, pointing to a third straight session of stock-market carnage on Monday.
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You would’ve thought a competent hedge fund manager would’ve hedged against that risk, especially since Trump actually ran on using tariffs as opposed to all the other shit he’s doing that’s coming out of nowhere.