Bill Ackman
@BillAckman
CEO Pershing Square, Co-trustee @PershingSqFdn
950 Following    1.8M Followers
The United States has subsidized the world on trade, defense, drugs, ‘NGOs,’ and more. Our global subsidy has contributed to our $37 trillion of national debt. President @realDonaldTrump is the first president in history to rectify the situation. He deserves enormous credit for doing so.
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Some have misunderstood my post below, likely due to its length. So let me explain my thoughts in a few words. With the China tariffs in place, time is not our friend as the high tariffs put pressure on American companies — particularly the small ones — and our economy. If the tariffs are paused, the pressure on the U.S. economy is largely removed and time becomes our friend and China’s enemy in the negotiation. Every U.S. business is already moving its supply chain and manufacturing out of China. And the more time that goes by, the worse it will get for China. The only thing that stops the deluge is China eliminating its tariffs, non-tariff barriers, market access restrictions, SOE subsidies, and IP theft etc. that make China a bad place to do business. So @realDonaldTrump, let’s pause the China tariffs and take the pressure off American companies, and you will have all the time and leverage in the world to negotiate a great deal with China.
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A nation in which one administration can allow millions of unvetted illegal migrants into the country, but requires that a court vet each deportation decision in an individually adjudicated case will soon lose the values our democratic system was intended to preserve.
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The rift is healing. China ‘asks’ for relief from the tariffs creating an opening for a 90-day China tariff pause and negotiations.
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