Denial of Tariff Pause Rumors by White House: Just a Load of Crap, They Say
White House rejects speculations concerning a 90-day halt in tariff implementation. - White House refutes allegations about a 90-day suspension of tariffs.
Let's cut the crap - the White House has squashed talk of a halt on the titanic tariff package. A government spokesperson called the rumors a "bunch of hogwash." These rumors had been causing a ruckus, particularly on social media, and causing stock markets to see some wild swings.
The spark for these exaggerated rumors might have been a post by billionaire hedge fund mogul, Bill Ackman, over the weekend. Ackman, who supported President Trump's campaign, in his post, suggested a 90-day pause to renegotiate "lopsided, one-sided trade deals" and lure in investments worth trillions to the USA. He dubbed the planned new tariffs set for Wednesday against virtually every country as an "economic nuke war."
Ackman issued a warning that if the government rolls out the additional tariffs as planned on April 9, investments will dry up, consumers will hoard their cash, and the USA's reputation as a dependable trading partner will be obliterated, potentially taking "God knows how long" to rebuild. Ackman highlighted that low-income consumers, many who are Trump supporters, would bear the brunt of this burden. "This isn't what I voted for," he wrote.
- White House
- Trade Brawl
- Bullshit Rumors
- USA
- Donald Trump
- Tariffs
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Bill Ackman's proposal for a 90-day tariff freeze to renegotiate trade agreements seemed to have no immediate effect on the White House's stance on the issue. Ackman, a billionaire hedge fund manager and backer of President Trump, publicly asked Trump to suspend tariffs to prevent harm to small businesses and avoid triggering an "economic winter" in the U.S.[1][2]. Despite Ackman's and other billionaires' warnings against the escalating tariff war, the Trump administration continued to impose retaliatory tariffs on almost 60 countries, with countries like China and the European Union hitting back in kind[1][2].
Ackman's call for a 90-day tariff holiday was part of a more extensive criticism leveled by some Trump backers, including Stanley Druckenmiller, Kenneth Griffin, and Elon Musk, who also expressed concerns about the tariffs' impact on global trade and the economy[1]. However, these criticisms did not lead to an immediate change in the White House's policy position on tariffs.
The ongoing trade feud continues to develop with far-reaching implications for global economic stability and trade partnerships. However, Ackman's specific suggestion did not lead to a modification in the White House's policy strategy as of the recent reports[1][2].
- Despite billionaire hedge fund manager Bill Ackman, along with Stanley Druckenmiller, Kenneth Griffin, and Elon Musk, warning against the escalating tariff war and suggesting a 90-day tariff holiday, the White House has not altered its policy position on tariffs.
- Ackman, a Trump campaign supporter, has warned that if the White House goes ahead with the planned tariffs as scheduled on April 9, investments will dry up, consumer confidence may plummet, and the USA's reputation as a dependable trading partner could be negatively impacted, potentially taking a significant amount of time to recover.
- The Commission, amidst calls for a directive on the protection of workers from the risks related to exposure to ionizing radiation, has also been asked to submit a proposal for a directive on the potential impact of ionizing radiation from increased use of tariffs and its implications on workers and the US economy.
