Crypto-friendly billions of investors Bill Ackman is considering the possibility that US President Donald Trump may pause or push the implementation of his controversial proposed tariffs on April 7.
“One had to think that President Donald Trump’s phone was on the Kawit. The practical fact was not enough time for him to make deals before the tariffs were set to take place,” Ackman, founder of Persshing Square Capital Management, Says In a post of April 5 x.
Trump can postpone tariffs to make more deals, says Ackman
“Therefore, I am not surprised to wake up Monday with an announcement from the President that he postponed the implementation of the tariffs to give him time to make deals,” Ackman added.
On April 2, Trump signed an executive order that establishes A 10% baseline tariff on all imports from all countries, which took place on April 5. Harsher reciprocal tariffs on trading partners where the US has the greatest trade shortage is Scheduled to kick on April 9.
Ackman – who famously said “here’s the crypto to stay” after the FTX collapse in November 2022 – Trump said the attention of the world and US trading partners, supporting tariffs as needed after what he calls a “unfair tariff regime” that is offensive to US workers and economies “for many decades.”
Following Trump’s announcement on April 2, the The US Stock Market is pouring more value During the trading session on April 4 than the entire crypto market is currently worth it. The fact that crypto is held better than the US stock market has caught the attention of both supporters of the crypto industry and doubts.
Source: Cameron Winklevoss
Crypto’s prominent voices such as Bitmex Co-Founder Arthur Hayes And Gemini’s co-founder Cameron Winklevoss recently showed their support for Trump’s tariffs.
Related: Trump tariffs are forcing Bitcoin’s miners – Braiins Exec Exec
Ackman said a pause would be a logical move of Trump – not only to allow time for closing potential deals but also to give companies all the size “time to prepare for changes.” He added:
“The risk of not doing so is that the massive increase in uncertainty drives the economy to a backwards, which is potentially a serious one.”
Ackman said April 7 would be “one of the more interesting days” in US economic history.
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