As futures in the US and spot markets in Asia crash on Trump's doubling down on his "impose tariffs first and ask questions later" strategy, tensions are apparently reaching a boiling point. Case in point: the billionaire investor and CEO of Pershing Square, Bill Ackman, has just alleged that the US Commerce Secretary, Howard Lutnick, "profits when our economy implodes." For the benefit of those who might not be aware, President Trump has now imposed a baseline tariff of 10 percent on all US imports, plus a veritable host of reciprocal tariffs on some of the biggest trading partners of the US, […]
Read full article at wccftech.com/bill-ackman-a-billionaire-who-supports-trump-alleges-that-the-us-commerce-secretary-howard-lutnick-is-long-bonds-and-profits-when-our-economy-implodes/
Read More Details
Finally We wish PressBee provided you with enough information of ( Bill Ackman, A Billionaire Who Supports Trump, Alleges That The US Commerce Secretary Howard Lutnick Is “Long Bonds” And “Profits When Our Economy Implodes” )
Also on site :
- A Major Feature Could Give Apple A Much-Needed Edge To Reignite Sales And Capture More Market Share In China With iOS 18.5
- Oblivion Remastered Breaks 4 Million Players in 4 Days
- Elon Musk's xAI Holdings in talks to raise $20 billion, Bloomberg News reports