{"id":10739,"date":"2025-04-06T11:17:29","date_gmt":"2025-04-06T09:17:29","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=10739"},"modified":"2025-04-06T11:17:29","modified_gmt":"2025-04-06T09:17:29","slug":"billionaire-investor-anticipates-potential-delay-in-trumps-tariff-plans","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/04\/06\/billionaire-investor-anticipates-potential-delay-in-trumps-tariff-plans\/","title":{"rendered":"Billionaire Investor Anticipates Potential Delay in Trump\u2019s Tariff Plans"},"content":{"rendered":"

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Billionaire investor Bill Ackman, known for his support of crypto, is pondering the likelihood that US President Donald Trump might delay the enforcement of his contentious proposed tariffs on April 7.<\/p>\n

\u201cOne can only presume that President Donald Trump’s phone has been inundated with calls. The practical situation is that there is inadequate time for him to finalize agreements before the tariffs are intended to be implemented,\u201d Ackman, founder of Pershing Square Capital Management, stated<\/a> in a post on X dated April 5.<\/p>\n

Trump might delay tariffs to negotiate more deals, Ackman asserts<\/h2>\n

\u201cTherefore, I would not be astonished to awaken on Monday to an announcement from the President that he is postponing the execution of the tariffs to provide him time to negotiate,\u201d Ackman continued.<\/p>\n

On April 2, Trump authorized an executive directive establishing<\/a> a 10% foundational tariff on all imports from every nation, which commenced on April 5. Stricter reciprocal tariffs on trade partners with which the US has the largest trade deficits are set<\/a> to take effect on April 9.<\/p>\n

Ackman \u2014 who famously remarked \u201ccrypto is here to stay\u201d following the collapse of FTX in November 2022<\/a> \u2014 mentioned that Trump garnered global attention and that of US trading partners, supporting the tariffs as essential after labeling the previous system as an \u201cunjust tariff regime\u201d that harmed US workers and the economy \u201cover many years.\u201d<\/p>\n

In the aftermath of Trump\u2019s announcement on April 2, the US stock market lost more value<\/a> during the trading session on April 4 than the total worth of the current crypto market. This fact, showing that crypto outperformed the US stock market, drew attention from both advocates and skeptics within the crypto sector.<\/p>\n

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Source: <\/em>Cameron Winklevoss<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

Notable figures in the crypto arena, including BitMEX co-founder Arthur Hayes<\/a> and Gemini co-founder Cameron Winklevoss, have also recently expressed their endorsement of Trump’s tariffs.<\/p>\n

Related: <\/strong><\/em>Trump tariffs pressure already strained Bitcoin miners \u2014 Braiins executive<\/strong><\/em><\/a><\/p>\n

Ackman indicated that a delay would be a reasonable approach by Trump \u2014 not only to provide time for negotiating potential agreements but also to afford companies, regardless of size, “adequate time to get ready for modifications.” He elaborated:<\/p>\n

“The peril of not doing so is that the substantial surge in uncertainty could propel the economy into a recession, potentially a severe one.”<\/p><\/blockquote>\n

Ackman noted that April 7 would be \u201cone of the more fascinating days\u201d in the history of the US economy.<\/p>\n

Magazine: <\/strong><\/em>New ‘MemeStrategy’ Bitcoin enterprise by 9GAG, imprisoned CEO’s $3.5M bonus: Asia Express<\/strong><\/em><\/a><\/p>\n