Billionaire's Call for a Pause

Renowned hedge fund manager Bill Ackman has once again urged for a temporary suspension of new tariffs on China, proposing a 180-day hiatus to allow for negotiations amidst escalating tensions. His comments were made during a CNBC interview, where he highlighted the potential risks to the U.S. economy and small businesses.

Economic Stability at Stake

"The right thing to do, in my view, is we pause on China. Let’s give it a little more time. Maybe it's 180 days because we're going to be busy here," Ackman stated. He warned that immediate actions could destabilize the economy, especially with the looming threat of high tariffs pushing companies to relocate their supply chains from China.

China's Incentive to Negotiate

Ackman pointed out that the current situation has left China "highly incentivized" to seek a deal, as businesses producing in China for the U.S. market are increasingly looking to move their operations elsewhere due to the tariff pressures.