Bill Ackman walks back criticisms of Howard Lutnick amid tariff backlash

Billionaire investor Bill Akman retreated from his attack on Trade Minister Howard Lootnick on Monday in a publication on social media, after he previously argued with the profits of the Minister of Commerce if the economy collapsed amid a continuous reverse reaction to President Donald Trump’s tariff.

“It was not fair to me to go out in HowardLUTNICK. I do not think he is following his attention himself. I am sure that he is doing his best to the country while the President as Minister of Trade is represented. It is not an easy task and we do not know how the sausage was manufactured” when Akkam wrote in X, responding to a former center, as he accused him.

The shares continued to be volatile on Monday, as the investor’s reaction to Trump’s tariff continued in global markets. Trump threatened China with additional tariffs by 50 % on Monday morning if Beijing did not withdraw “34 % definitions it announced against the United States last week.

“I just feel frustrated, watching what I think is a politician error that occurs after our country has made great economic progress in danger now because of the definitions,” Akman continued. “I would like to prove wrong and watch this approach to customs tariffs and/or its decision to be very useful for our country and the global economy.”

The billionaire investor warns world leaders not to maintain Trump if they want a tariff deal

Akman said on Sunday: “It is a bad idea that you choose the Minister of Commerce whose company has been called in the long fixed income. It is an irreversible conflict.” Akman indicated that Lottenic worked with Canor Fitzgerald.

Akman wrote: “It is a bad idea to choose the Minister of Commerce that was called to his company, long, long income. It is a conflict that cannot be reconciled.”

In a lengthy publication X on Sunday, the founder of the billionaire argued at the Pershing Square Endege Fund Management that the United States “is 100 % of the president to reform a global system of definitions that deprive the country”, but stressed that the works “is a game of confidence and trust in confidence.”

Akman, who supported the Republican presidential candidate in July 2024 after he previously supported the Democratic Party, admitted that Trump “had raised The issue of tariff To the most important geopolitical issue in the world, it has caught everyone’s attention. ”

Bill Akaman followed an attack on Trade Minister Howard Lootnick on Monday. (Lear: (Photo by Jared Ceskin/Patrick McMuan via Getty Emoz), right: Photographer: Yuri Graibas/Apaca/Bloomberg via Getti Imachurs/Getty Pictures)

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“This is not what we voted for.” Akman said. “The president has an opportunity on Monday to summon time outside and time to implement it in reforming the unfair tariff system. Instead, we go to the economic nuclear winter resulting from itself, and we must start to infiltrate. More cold heads may prevail.”

Lutnick was pressed by Margaret Brennan CBS on Sunday about the tariff announcement, during which Trump’s policies defended.

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Fox News Daniel Wallace contributed to this report.