Billionaire Trump backer urges US president to pause tariffs
Source: BBC
A billionaire backer of Donald Trump has urged the US president to pause his recently announced trade tariffs or risk "a self-induced, economic nuclear winter".Hedge fund manager Bill Ackman, who lent his support to Trump before the 2024 presidential election, said the president should take three months to allow countries to renegotiate their trading relationships with the US.Share prices in Europe and Asia have…
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