Bill Ackman.Photo: Bryan Bedder / Getty Images for The New York Times
American billionaire and investor Bill Ackman, who previously supported Donald Trump in the election, said that the US president’s new tariff policy could lead to a “nuclear economic winter”. He wrote about this on social network X, noting that massive and disproportionate duties on goods from all countries – both allies and opponents – are leading the United States to global economic isolation. This was reported by CNBC.
Eckman warned that the Trump administration’s policies would undermine confidence in the United States as a reliable trading partner. According to him, it will be low-income Americans who will suffer the most – those who are already experiencing significant economic pressure. “That’s not what we voted for,” the investor said.
Other world leaders are also expressing concern. Against the backdrop of the new tariffs, stock markets in Asia and Europe are experiencing a rapid decline. Indices in Germany, France, Italy and the UK have fallen by more than 5%, and the Chinese market has suffered the deepest shock since the abolition of the Bretton Woods system.
The cryptocurrency market was not without consequences, as bitcoin lost more than 10% of its value, falling below $75,000, its worst performance since November. Oil prices also fell sharply, with Brent falling by 4.48% and WTI by 4.59%.
Despite the criticism, Trump remains steadfast in his decisions. His administration has reported that more than 50 countries have already begun negotiations with the White House on tariffs. However, investors and economists warn that the world is on the verge of a new global economic crisis.
