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Bill Ackman praises Trump's tariff pause: 'Thank you on behalf of all Americans'

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Pershing Square Capital Management CEO Ackman praises Treasury Secretary Scott Bessent .

Trump announced a 90-day pause on reciprocal tariffs that were imposed on dozens of trade partners.

Trump said more than 75 countries contacted U.S. officials to negotiate after he unveiled his new tariffs last week .

Ackman recently warned that the president might have gone too far.