The panel of “The Big Money Show” discusses the threat of President Donald Trump to impose an additional 50% rate on China.
The billionaire investor Bill Ackman resumed his attack on the Secretary of Commerce Howard Litnick on Monday in an article on social networks, after having previously asserted the Secretary of Trade in Profits if the economy implores in the middle of the continuous counterposter at the prices of President Donald Trump.
“He was unfair on my part to attack @howardlutnick. I don’t think he continues his interest in himself.
Actions continued to be volatile On Monday, while the decline in investors on Trump’s prices continued to hike in the world markets. Trump threatened China with additional prices of 50% on Monday morning if Beijing “does not withdraw” the 34% tariffs he announced against the United States last week.
“I am just frustrated to see what I think is a major political error occurs after our country and the president has achieved enormous economic progress which is now at risk due to the prices,” said Ackman. “I would like to be wrong and look at this approach to prices and / or their resolution to be extremely beneficial for our country and the world economy.”
Bill Ackman, Manager and Portfolio Director of Pershing Square Capital Management, speaks for the salt conference in Las Vegas, Nevada, in 2017. (Reuters / Richard Brian / Reuters)
Ackman said on Sunday: “It is a bad idea to choose a trade secretary whose company is drawn in the long term. It is an irreconcilable conflict of interest.” Ackman noted that Lunick worked for Cantor Fitzgerald.
“It is a bad idea to choose a trade secretary whose company is drawn in the long term. It is an irreconcilable conflict of interest,” wrote Ackman.
In a long post X Sunday, the founder billionaire of Pershing Square Hedge Fund Management argued that the United States “is 100% behind the president of the repair of a global prices system that has disadvantaged the country”, but stressed that business “is a game of trust and confidence depends on confidence”.
Ackman, who supported the Republican presidential candidate in July 2024 after previously supporting the Democratic Party, recognized that Trump ” The price problem To the most important geopolitical problem in the world, and he drew everyone’s attention. “”
Bill Ackman resumed an attack on the secretary of trade Howard Lungick on Monday. (Left: (photo of Jared Siskin / Patrick McMullan via Getty Images), right: Photographer: Yuri Gripas / Abaca / Bloomberg via Getty Images / Getty Images)
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“This is not what we voted for,” said Ackman. “The president has the opportunity on Monday to call a time to stop and have time to run on the repair of an unfair tariff system. Alternatively, we head for a self-induced economic nuclear winter, and we must start to be silent. Let the cooler heads be prevalent.”
Lutnick was in a hurry By Margaret Brennan, of CBS, Sunday on the pricing announcement, during which he defended Trump’s policies.
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Danielle Wallace of Fox News contributed to this report.
