Bill Akraman, the director of the billionaire hedge fund, expects President Donald Trump to extend his threats to the definitions of importers, which reflects many financial markets that spend fear.
Publishing on the social media platform X, Ackman, founder and CEO of Pershing Square Capital Management, He says President Trump’s phone is likely to “put the hook” with calls from other countries that request deals or concessions on the definitions.
Akman says that due to the lack of sufficient time to hold discussions with each leader, the president may announce that the definitions will be postponed.
So I will not be surprised to wake up on Monday with the announcement of the president that he was postponing the implementation of customs duties to give him time to conclude deals.
President Trump got the world’s interest and commercial partners and raised the importance of resolving the unfair tariff system that harmed American workers and destroyed our industrial base for many decades.
This is a very important issue that must be resolved, and we finally have a president who is committed to the completion of this.
However, the problem cannot be solved in days, so why doesn’t make a logical stop to give time to solve this critical issue properly and allow companies, large and small, time to prepare for changes in their supply chains?
The risk of not doing this is that the enormous increase in uncertainty leads the economy to recession, and possibly severe.
One thing is certain. Monday will be one of the most interesting days in our country’s economic history. “
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