Crypto-enthusiast billionaire investor Bill Ackman is contemplating the likelihood that US President Donald Trump might delay the execution of his contentious proposed duties on April 7.
“One can assume that President Donald Trump’s phone has been inundated with calls. The pragmatic truth is that there is not enough time for him to broker agreements before the tariffs are set to commence,” Ackman, founder of Pershing Square Capital Management, remarked in an April 5 X post.
Ackman suggests Trump might delay tariffs to facilitate more agreements
“Consequently, I would not be astonished to awaken on Monday to an announcement from the President indicating that he was deferring the introduction of the tariffs to allow more time to negotiate deals,” Ackman further stated.
On April 2, Trump enacted an executive directive establishing a 10% baseline tariff on all imports from every nation, which became effective on April 5. Stricter reciprocal tariffs on trading partners with whom the US faces the most significant trade deficits are set to commence on April 9.
Ackman — who famously stated “crypto is here to stay” following the collapse of FTX in November 2022 — noted that Trump seized the attention of the global arena and US trading partners, endorsing the tariffs as essential after identifying what he termed an “unfair tariff regime” that negatively impacted US workers and the economy “over many decades.”
In the wake of Trump’s proclamation on April 2, the US stock market lost more value during the April 4 trading day than the entire crypto market is presently valued at. The reality that crypto fared better than the US stock market piqued the interest of both supporters and detractors of the crypto industry.
Source: Cameron Winklevoss
Notable figures in the crypto space, such as BitMEX co-founder Arthur Hayes and Gemini co-founder Cameron Winklevoss, have also recently expressed their backing for Trump’s tariffs.
Related: Tariffs imposed by Trump strain already struggling Bitcoin miners — Braiins executive
Ackman remarked that a delay would be a reasonable strategy for Trump — not only to provide time for finalizing potential deals but also to grant firms of all scales “time to prepare for adjustments.” He concluded:
“The peril of not taking this action is that the substantial rise in uncertainty could plunge the economy into a recession, potentially a severe one.”
Ackman declared that April 7 will be “one of the more fascinating days” in the annals of US economic history.
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