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Billionaire Trump backer Bill Ackman warns of ‘economic nuclear winter’ over tariffs newsthirst.

Getty Images Bill Ackman switched allegiance to Trump before the 2024 presidential election A billionaire backer of Donald Trump has urged the US president to pause his recently announced trade tariffs, or risk “a self-induced, economic nuclear winter”. Amid market turmoil, hedge fund manager Bill Ackman said the president should take three months to allow…

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Trump is losing the confidence of business leaders, billionaire investor Bill Ackman says newsthirst.

Bill Ackman, CEO of Pershing Square Capital Management, speaks during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations,” in New York on Nov. 28, 2023. Jeenah Moon | Bloomberg | Getty Images Billionaire investor Bill Ackman said that America was heading toward a self-inflicted “economic nuclear winter” as a result of…

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