Billionaire Trump Ally Bill Ackman Repeats Calls For Up To 90-Day Pause On Tariffs, Sees ‘Unnecessary Harm’

Billionaire hedge fund manager Bill Ackman once again urged President Donald Trump on Tuesday to pause tariffs for up to 90 days to avoid a significant “global economic disruption.”

Trump’s tariffs kicked in after midnight on Wednesday, following a turbulent week at the U.S. stock markets.

Ackman said in a post on X that he supports Trump's tariffs on other countries. But he urged for a 30,60, or 90-day pause before the implementation of tariffs to enable negotiations between the U.S. and its trading partners.

The Pershing Square Capital CEO hinted that if the tariffs are not paused, the ensuing global disruption “will harm the most vulnerable companies and citizens of our country.”

“If a country does not negotiate in good faith, then Donald Trump can bring the hammer down, but doing so without giving time to make deals creates unnecessary harm,” Ackman, who endorsed Trump in 2024, said.

Ackman has already been publicly vocal against the tariffs. He had previously warned that the tariffs risk sparking a global "economic nuclear war" and that business investments could grind to a halt.

Several business leaders, including JP Morgan CEO Jamie Dimon, have also raised concerns about a potential recession.

Since Trump revealed the tariffs on Wednesday, trillions of dollars have evaporated from the markets, with the S&P 500 index suffering its deepest losses since its inception.

In addition to the tariffs announced last week, Trump raised the rates to 104% on Chinese goods after Beijing launched retaliatory tariffs on U.S. goods last week,

The SPDR S&P 500 ETF Trust (SPY) was trading 1.2% lower, while the Invesco QQQ Trust, Series 1 (QQQ) was down nearly 1.4% at the time of writing.

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