Billionaire hedge fund manager Bill Ackman has shifted from supporting Trump’s tariff policies to expressing serious concerns. He now advocates for a 90-day pause on tariffs, highlighting potential dangers as trade tensions rise globally.

Once a supporter of Trump's campaign, Ackman has reevaluated his stance due to fears that proposed tariffs on nearly 60 countries could spark a global trade war, impacting the U.S. economy severely.

Ackman criticizes the tariff calculations, stating they misrepresent other nations' tariffs as significantly higher. He urges President Trump to reconsider, warning of severe consequences for U.S. global trading reputation.

The announcement of tariffs caused significant market turmoil, with global stock indices suffering severe losses. This reflects widespread investor uncertainty regarding the economic implications of the Trump administration's trade policies.

Ackman is not alone; industry leaders like Elon Musk and Jamie Dimon have raised alarms too. They advocate for free trade, fearing tariffs could stifle economic growth and increase recession risks.

The tariffs threaten to disrupt global supply chains, raise consumer costs, and spark economic instability. The potential for recession looms as critics warn of negative repercussions for jobs and spending.

As the tariffs' fallout unfolds, the Trump administration faces mounting pressure for policy adjustments. A pause in implementation could ease tensions and reassess the formula for tariffs to prevent economic downturn.