Bill Ackman, a billionaire fund manager, cautioned President Trump that he is losing the confidence of business leaders and should consider pausing his trade war. In a social media post, Ackman suggested a 90-day timeout for negotiations to resolve trade issues. He warned that escalating trade tensions could lead to severe economic consequences, including reduced business investment and damage to the US's international reputation, which could take many years to restore.
The president has an opportunity to call a 90-day time out to resolve trade issues via negotiation.
If... we launch economic nuclear war on every country in the world, business investment will grind to a halt, consumers will close their wallets.
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