‘Economic nuclear winter’: Trump allies worried over tariffs

Photo: Crowd of people gather outside the New York Stock Exchange following the Crash of 1929. Photo credit: Pacific & Atlantic Photos, Inc. via the Library of Congress. No known restrictions on publication. Article by Zac Anderson. USA Today – April 7, 2025.

President Donald Trump’s trade war is putting some high-profile allies on edge, exposing cracks in his coalition as the economic fallout from tariffs grows. Bill Ackman, an influential hedge fund manager who endorsed Trump, posted on social media Sunday that the president should call a “time out” on tariffs. “Alternatively, we are heading for a self-induced, economic nuclear winter, and we should start hunkering down. May cooler heads prevail,” the billionaire wrote on X. […]

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