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US Politics

US Politics

Bill Ackman Issues Stark Warning About Tariffs: 'When Markets Crash, New Investments Stop, Consumers Stop Spending Money'

Benzinga
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64% Informative

Bill Ackman has outperformed the stock market over the past five years with Pershing Square Capital Management .

The hedge fund chief was an advocate for Donald Trump during the campaign but doesn't agree with the president's stance on tariffs.

"When markets crash, new investments stop, [and] consumers stop spending money," Ackman said.