Published by Global Banking & Finance Review®
Posted on April 7, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleBill Ackman warns that Trump is losing business leaders' confidence and suggests a 90-day pause in the trade war to resolve issues through negotiation.
SINGAPORE (Reuters) - Billionaire fund manager Bill Ackman, who endorsed Donald Trump's run for President, said the U.S. leader was losing the confidence of business leaders and should pause his trade war.
"The president has an opportunity to call a 90-day time out," Ackman said in a post on X, to resolve trade issues via negotiation.
"If, on the other hand ... we launch economic nuclear war on every country in the world, business investment will grind to a halt, consumers will close their wallets and pocket books, and we will severely damage our reputation with the rest of the world that will take years and potentially decades to rehabilitate."
(Reporting by Tom Westbrook; Editing by Tom Hogue)
The article discusses Bill Ackman's warning that Trump is losing the confidence of business leaders due to ongoing trade wars.
Ackman suggests a 90-day pause in the trade war to negotiate and resolve issues.
The trade war could halt business investments and decrease consumer spending, damaging global reputation.
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