US billionaire predicts economic nuclear winter due to tariffs

Anna Mikhailova
Disclosure: This website may contain affiliate links, which means I may earn a commission if you click on the link and make a purchase. I only recommend products or services that I personally use and believe will add value to my readers. Your support is appreciated!

The American billionaire threatens economic nuclear war in all countries

One of the richest people in the world, who supported Donald Trump In the elections, he wrote: “This is not what we vote.” He warned that the United States was losing its global reputation and confidence, and urged a three -month delay in the implementation of new tariffs.

The United States, with its new rates, is about to launch an economic nuclear war against the rest of the world, which will stop business investment, will force consumers to reduce spending and severely damage the global reputation of the United States: the bill of the tile Bill Ackman Believe.

The new tariffs will affect almost all sectors of the economy, not just the large corporations alone. Small and medium -sized companies will suffer even more, since few can absorb sudden costs of this magnitude.

“The business is a trusted game. The president is losing the confidence of business leaders worldwide,” he wrote. “The consequences for our country and the millions of our citizens who have supported the president in private low -income consumers who are already under a large amount of economic stress, will be severely negative,” Ackman wrote.

ACKMAN agreed with the argument of President Donald Trump that other countries had taken advantage of the United States. However, he urged the administration to announce a freezing in the rates, which will enter into force on Wednesday, April 9, and instead:

  • Participate in negotiations,
  • Resolve unfair and asymmetric trade agreements,
  • Attract billions of dollars in a new investment in the United States.

“If, on the other hand … we launched an economic nuclear war in the world of each one, business investment will stop, consumers will close their wallets and pocket books, and we will severely damage our reputation holder,” Ackman concluded.

ACKMAN’s net assets is estimated at $ 8.9 billion, according to Forbes, Classifying him 310º among the richest people in the world. He founded and leads by pressing Square Capital Management, a coverage fund that manages $ 15 billion in assets.

He thought that a Democratic defender for a long time, that in 2021 he even asked Trump to resign, Ackman changed his march only a few months before the 2024 elections and gave him his support behind the Republican. The past fall, Hey expressed his hope that the Democratic Party Collapsara.

Russia apparatus for international economic storm

The Russian authorities will do everything necessary to minimize the contes of the international economic storm caused by the new US tariffs, said the Russian presidential spokesman Dmitry Peskov.

The price of Brent crude oil fell below $ 63 per barrel for the first time since April 2021, after Saudi Arabia reduced the price of its oil for Asian buyers. Petroleum prices have a leg decrease since last week in the midst of the imposition of American tariffs and China’s retaliation measures.

“Whether for the course, this is a very important indicator for us, especially for the registration of our budget. And, naturally, we are closely monitoring the situation, which is currently characterized as an extremely volatile, tense and emotionally loaded Russian economy.

The presidential spokesman linked the situation with us aimed at most countries around the world, noting that the global economy is under significant tension, with increasing negative expectations both among experts and among the actors in the market.

Detailed

TO Tariff It is a duty (imposed) imposed by the government of a country or customs territory, or by a supranational union, in imports (or, exceptionally, exports) or goods. In addition to being a source of income, import tariffs can also be a form of foreign trade regulation and policy that loads foreign products to encourage or safeguard the national industry. The ‘protective tariffs’ are among the most used protectionism instruments, together with import fees and export installments and other non -tariff barriers to trade.

William Albert ACKMAN (born on May 11, 1966) is an American billionaire coverage fund manager who is the founder and executive director of Pershing Square Capital Management, a coverage fund management company. His investment approach has made him an activist investor. As of June 2024, Ackman’s net assets was estimated at $ 9.3 billion per Forbes. ACKMAN is a prolific philanthropist and signing the commitment of donations, committing to give at least 50% of its wealth at the end of its life to charitable causes.

>

Share This Article
Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *