Bill Ackman says ‘time is the friend of the U.S. and the enemy of China’ in trade war
Bill Akman, the director of the billionaire hedge fund, said that China will need to conclude a trade deal with the United States quickly because it cannot win a traditional trade war that will lead to severe damage to its economy.
In a post on X, Ackman said that Beijing must be greatly stimulated to make a trade deal as quickly as possible. “Because the longer high definitions continue, and the more likely the companies will lose their confidence in China as a market that can be issued or produced goods with viable terms economically. If a deal is not concluded soon,” every company has a supply chain in China that is transported to India or Vietnam or Mexico, the United States or some other countries. “
“Instead, if China decides to resist and not negotiate because of pride or other emotional issues, China will suffer from more severe and permanent economic consequences,” Akman said. “Time is the friend of the United States and the enemy of China in this negotiation.”
The evaluation of the hedge fund manager flying in the face of those who say China will be able to bear the trade war Donald Trump and the general tone of the challenge that formed Beijing’s position. President Xi Jinping rejected Trump’s efforts to make him on the phone, and China said that the United States should show respect and the statements consumed before the talks between the two countries began.
Trump struck China with 145 % definitions on most goods since he took office, prompting Beijing to take revenge and threat to eliminate most of the trade among the world’s largest economies. However, Bloomberg News said on Friday that the Chinese government is considering suspending a 125 % tariff on some American imports because the economic costs of the trade war affects some industries.
Akman said that both China and the United States have good reasons for lowering the fees “to a more rational level” from 10 % to 20 % as quickly as possible. He said that the only thing that stops the low definitions “is the fear of the leadership of both countries.”
Akman said: “Both countries know that the 145 % customs tariff should decrease now,” Akman said. “They are only trying to manage diplomacy in such a way to clarify that it is a mutual decision instead of one country” go first. “
Akman has long been the donor to Democrats, in recent years, in support of Trump, as he supported him on issues ranging from foreign policy to combating anti -Semitism.
This story was originally shown on Fortune.com
2025-04-26 17:20:00
