In a post on twitter, Bill Ackman pointed out the practical reality that there is insufficient time for President Trump to make deals before the tariffs are scheduled to take effect.
He suggested that this means that there would be an announcement from the President on Monday that he was postponing the implementation of the tariffs to give him time to make deals.
“President Trump has gotten the world’s and our trading partners’ attention and elevated the importance of resolving an unfair tariff regime that has harmed American workers and decimated our industrial base over many decades. This is a critically important issue that needs to be resolved, and we finally have a president committed to getting this done. The problem, however, can’t be resolved in days, so why wouldn’t a pause make sense to give the president time to properly resolve this critical issue and to allow companies large and small the time to prepare for changes in their supply chains?,” Ackman asked.
He also pointed out that the risk of not doing so is that the massive increase in uncertainty drives the economy into a recession, potentially a severe one.
