Major Wall Street figures are expressing concern over the economic impacts of President Donald Trump’s massive tariffs on foreign countries.
Billionaire hedge fund investor and Trump ally Bill Ackman posted on X Sunday that the president’s new reciprocal tariffs on foreign countries were “massive and disproportionate” and claimed they do not distinguish between the U.S.’ friends and enemies. Ackman’s comments follow the president’s “Liberation Day” announcement April 2, enacting sweeping tariffs on a variety of foreign countries.
“President [Trump] has elevated the tariff issue to the most important geopolitical issue in the world, and he has gotten everyone’s attention,” Ackman wrote. “So far, so good. And yes, other nations have taken advantage of the U.S. by protecting their home industries at the expense of millions of our jobs and economic…
