Billionaire Trump Bell Bill Akman warns of “economic nuclear winter” because of the rates

A billionaire supporting Donald Trump has called on the US president to stop his recently announced trade tariffs or to risk “self -suggested, economic nuclear winter”.

Against the backdrop of market turmoil, the hedge fund manager Bill Akman said that the president should take three months to allow countries to renegotiate their trade relations with the United States.

On Monday, the warning of G -N Akman was voiced by other prominent Wall Street figures, such as JPMorgan Chase chairman Jamie Dimon Saying that Trump’s tariffs risk raising prices for Americans.

Despite the blows, the US president goes on, As the White House rushes to mark hearing, it can put new rates on a pause like “fake news.”

The rumor on Monday morning that Trump is considering a 90-day pause for a short time has raised the sinking stock market after being reported on the CNBC financial network.

The White House almost immediately took off the report, showing Trump’s commitment to his new import taxes. Shares prices largely stabilize afterwards.

The rates for the “base” of 10% for the goods of most countries that Trump announced last week have already come into force, while the higher “reciprocal” rates he wants to impose on the “oldest offenders” are expected later this week. Some countries are striving to negotiate more prices with the White House.

The new tariffs added to the steep taxes that Trump has already installed goods from Canada and Mexico, as well as all car imports, are worried about business and economic leaders that they will raise prices for US consumers and challenge a global trade war.

Blackrock leader, the largest asset manager in the world, said on Monday that tariffs would raise prices and possibly inflation and contribute to an economic downturn, according to media reports.

“Most CEOs I am talking to would say we are probably in a recession right now,” Larry Fink, CEO of the company, told a meeting of the New York Economic Club.

On Sunday, Goldman Sachs said there was a 45% probability of the US a recession within the year after a week ago assessing the likelihood of 35% before Trump presented its tariff plans to an event called “Liberation Day”.

Trump says import taxes will strengthen his country with new jobs and investments.

He defended them on Sunday by telling reporters aboard the Air Force One that “sometimes you have to take medicines to repair something.”

In His post on x On Sunday, Akman acknowledged Trump’s argument that the global trade system was “disadvantaged” by the United States.

But, he writes, the tariffs Trump had imposed were “massive and disproportionate” and made no distinction between American friends and enemies.

Mr. Akman, founder of the billionaire of the Hedge Funds Management Company of PersHing Square, became a supporter of Trump, Republican, in July 2024.

Previously, he supported the rival Democratic Party and his intervention was regarded as important selective approval from the business world.

The “reciprocal” percentages of the Trump administration, which can reach up to 50%, will be imposed on some important production centers in Asia.

Many countries have vowed to react, and China is already avenging new tariffs for goods imported from the United States. Trump on Monday has threatened to put an additional 50% tariff for goods from the country, which will lead to the total taxes it intends to charge more than 100%.

Trump has launched an “economic war against the whole world at a time”, which risked breaking down investors’ confidence in the United States, said G -n -Akman.

Mr Akman said the US leader now has “the opportunity to call a 90-day outcome, to negotiate and to allow unfair asymmetrical tariff transactions and to cause trillion dollars new investments in our country.”

His post on Sunday indicated that he thought the ball was again in Trump’s court – after a more X message, which called on other countries’ leaders to “take the phone” to make a deal with Trump.

As the stock markets around the world continued Their downturn on Monday, banking giant JPMorgan Chase offered his own role, warning of “many uncertainties” about the new tariff policy.

In a letter to the shareholders, Dimon said the tariffs “are likely to increase inflation and make many take more likely to recession.”

“The faster this question is, the better, as some of the negative effects increase cumulatively over time and would be difficult to turn,” he writes.

Trump’s officials downplayed the risk of recession. The basic rate of 10% is already in force, with higher percentages being confronted with some countries that need to come into force on Wednesday.

Speaking aboard the presidential aircraft on flight back to Washington on Sunday, Trump himself said that European and Asian countries are “dying to make a deal”.