Bill Ackman, hedge fund billionaire and key Trump ally, slams tariffs

[FreeinChrist]

https://www.washingtonpost.com/business/2025/04/07/bill-ackman-tariffs-meltdown-stock-markets/

The Wall Street mogul warned of “economic nuclear winter” as the threat of an all-out trade war triggers a global market meltdown.​

​

Bill Ackman, the hedge fund billionaire who endorsed Donald Trump’s 2024 candidacy, warned in apocalyptic terms over the weekend that the president’s sweeping tariff plan, if implemented as planned on Wednesday, would cause irreparable damage to the U.S. economy.​

​

Ackman’s view is taking hold more broadly. As Wall Street underwent another tumultuous opening Monday, a growing chorus of business leaders, politicians and Trump allies warned that imposing levies on goods from virtually all U.S. trading partners would be an error with enduring consequences.​

​

Elon Musk on Monday posted a video of the late Nobel Prize-winning economist Milton Friedman explaining why he believed international economic cooperation, by way of the free market, benefits consumers. Musk said earlier that he hoped the United States and Europe would move to a “zero-tariff situation.”​

​

I see Elon Musk broke with Trump in regards to tariffs, probaby because he is taking a big hit in personal income, as is Tesla taking a hit. But Musk is not alone.

 

[rambot]

I'm not a HUGE fan of using the stock market as an indicator of success for an economy because it completely discounts the experience of most of America and lives in it's own world. By that I mean, people's income doesn't increase when stocks do well and the only people who benefit are those with way too much money anyways.


However, I DO think it can give a general barometer on the confidence that the market has in the future (near/mid or far).

And on that, it seems pretty clear there is NO reason to feel hope that this little tariff strategy is going to be a good one.

 

[Oompa Loompa]

https://www.washingtonpost.com/business/2025/04/07/bill-ackman-tariffs-meltdown-stock-markets/

The Wall Street mogul warned of “economic nuclear winter” as the threat of an all-out trade war triggers a global market meltdown.​

​

Bill Ackman, the hedge fund billionaire who endorsed Donald Trump’s 2024 candidacy, warned in apocalyptic terms over the weekend that the president’s sweeping tariff plan, if implemented as planned on Wednesday, would cause irreparable damage to the U.S. economy.​

​

Ackman’s view is taking hold more broadly. As Wall Street underwent another tumultuous opening Monday, a growing chorus of business leaders, politicians and Trump allies warned that imposing levies on goods from virtually all U.S. trading partners would be an error with enduring consequences.​

​

Elon Musk on Monday posted a video of the late Nobel Prize-winning economist Milton Friedman explaining why he believed international economic cooperation, by way of the free market, benefits consumers. Musk said earlier that he hoped the United States and Europe would move to a “zero-tariff situation.”​

​

I see Elon Musk broke with Trump in regards to tariffs, probaby because he is taking a big hit in personal income, as is Tesla taking a hit. But Musk is not alone.

I find it interesting that all of a sudden, Trump is now the enemy of the wealthy elite and Democrats are now worried about their portfolios. So much for the oligarchy.

 

[CRAZY_CAT_WOMAN]

Bill Ackman and Trump supporters had to know Trump was going to raise tarriff's. He was trying to raise tarriff's, when he was in office the first time. But COVID-19 got in the way. Trump business have been bankrupt at least 4 times. That's how Trump was running America the first time.Bill Ackman and all the rich Trump supporters deserve this mess.

 

[GoldenBoy89]

I find it interesting that all of a sudden, Trump is now the enemy of the wealthy elite and Democrats are now worried about their portfolios. So much for the oligarchy.

Rich people losing their money don’t bother me so much as the president unilaterally deciding to raise prices on every American. It just confirms and underlines how misguided and destructive this administration is for everyone.

 

[loveofourlord]

I find it interesting that all of a sudden, Trump is now the enemy of the wealthy elite and Democrats are now worried about their portfolios. So much for the oligarchy.

I could care less about rich people losing money as they will still be in the green, but alot of people have their retirement plans in there and can't aford a few weeks or more of turmoil.

 

[loveofourlord]

wow talk about a woke liberal with TDS it's getting worse.

 

[FreeinChrist]

I find it interesting that all of a sudden, Trump is now the enemy of the wealthy elite and Democrats are now worried about their portfolios. So much for the oligarchy.

You have a view of the US that I do not hold.
The wealthy have been Republicans mostly. Murdoch, Peter Thiel, the Adelsons, and many more. How much did Musk put into the Republican race in 2024?? How many bilionaires were sitting behind Trump at the Inaugeration?

Oligarchy is unfortunately alive and well. Though Trump's tariffs are hurting them now. Big time. I wonder how long til they turn on him?

 

[Bradskii]

I could care less about rich people losing money as they will still be in the green, but alot of people have their retirement plans in there and can't aford a few weeks or more of turmoil.

Including me. Even down here in Australia my retirement plan will take a hit. I can afford it. But very many people can't.

 

[Oompa Loompa]

I could care less about rich people losing money as they will still be in the green, but alot of people have their retirement plans in there and can't aford a few weeks or more of turmoil.

Unless they are planing to retired within the year, their 401k will be fine.

 

[wing2000]

Unless they are planing to retired within the year, their 401k will be fine.

Maybe. Maybe not. No one really knows...
Thanks to one man, nobody can plan for anything...

 

[iluvatar5150]

Unless they are planing to retired within the year, their 401k will be fine.

That's extremely optimistic, to the point that it's absurd. After the 2007-08 crash, DJIA and the S&P 500 each took about 5.5 years to recover their losses; NASDAQ took about 3.5. All three indexes took about 2 years to recover after the correction at the end of 2021. My personal accounts are at the same value they were 11 months ago, despite me contributing quite a bit to them very constistently.

 

[Oompa Loompa]

That's extremely optimistic, to the point that it's absurd.

Okay. Thanks for your opinion, although it doesn't really interest me.

 

[Trogdor the Burninator]

100% tariffs on China now. Good luck Walmart and Target!

 

[wing2000]

100% tariffs on China now. Good luck Walmart and Target!

...there's still a few hours left (midnight). Any bets on last minute "deals"?

 

[loveofourlord]

100% tariffs on China now. Good luck Walmart and Target!

liar!!! 104%

 

[Aryeh Jay]

America is going to be RICH!!!

 

[Richard T]

https://www.washingtonpost.com/business/2025/04/07/bill-ackman-tariffs-meltdown-stock-markets/

The Wall Street mogul warned of “economic nuclear winter” as the threat of an all-out trade war triggers a global market meltdown.​

​

Bill Ackman, the hedge fund billionaire who endorsed Donald Trump’s 2024 candidacy, warned in apocalyptic terms over the weekend that the president’s sweeping tariff plan, if implemented as planned on Wednesday, would cause irreparable damage to the U.S. economy.​

​

Ackman’s view is taking hold more broadly. As Wall Street underwent another tumultuous opening Monday, a growing chorus of business leaders, politicians and Trump allies warned that imposing levies on goods from virtually all U.S. trading partners would be an error with enduring consequences.​

​

Elon Musk on Monday posted a video of the late Nobel Prize-winning economist Milton Friedman explaining why he believed international economic cooperation, by way of the free market, benefits consumers. Musk said earlier that he hoped the United States and Europe would move to a “zero-tariff situation.”​

​

I see Elon Musk broke with Trump in regards to tariffs, probaby because he is taking a big hit in personal income, as is Tesla taking a hit. But Musk is not alone.

Ackman is probably short the market as he is known for that. https://www.cnbc.com/2022/03/29/bil...ill-focus-on-quieter-long-term-approach.html?

More Christians should learn how to make money when the market is going down.

 

[Richard T]

Bill Ackman and Trump supporters had to know Trump was going to raise tarriff's. He was trying to raise tarriff's, when he was in office the first time. But COVID-19 got in the way. Trump business have been bankrupt at least 4 times. That's how Trump was running America the first time.Bill Ackman and all the rich Trump supporters deserve this mess.

How do you know they are not making money off all of this?

 

[Trogdor the Burninator]

America is going to be RICH!!!

Tariffs to the moon!!!!!