Billionaire and President Trump ally, Bill Ackman warns that the world is on brink of ?self-induced economic nuclear winter,? begs him to pause tariffs

Billionaire fund managerBill Ackman, a staunch President Trump ally, has warned the world is on the brink of a “self-induced economic nuclear winter” as he begged the Republican leader to pause his sweeping tariffs.“The President has an opportunity on Monday to call a time out and have the time to execute on fixing an unfair tariff system. Alternatively, we are heading for a self-induced, economic nuclear winter, and we should start hunkering down,” Ackman wrote in a lengthy X post on Sunday night.“May cooler heads prevail.”Ackman, who endorsedTrump’srun for President, issued the stark warning as he insisted the US leader’s decision to enforce the 10% tax on imports was quickly losing the confidence of business leaders worldwide.“The country is 100% behind the president on fixing a global system of tariffs that has disadvantaged the country. But, business is a confidence game and confidence depends on trust,” he wrote. “President [Trump] has elevated the tariff issue to the most import...