# @thewrap on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DIJ2qROPlLm
- **Gondola URL:** https://gondola.cc/posts/29112735-thewrap-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/8162367c75.jpg
- **Posted:** 2025-04-07T17:36:39.000+00:00
- **Account Owner:** The Wrap (@thewrap) — https://gondola.cc/thewrap

## Caption

Billionaire hedge fund manager #BillAckman urged #DonaldTrump to call a temporary time out on his reciprocal tariffs over the weekend, while also acknowledging that he may have misjudged the president as he “assumed economic rationality would be paramount.”

The Pershing Square Capital Management CEO posted a lengthy message to social media on Sunday, where he admitted the tariffs make America look bad and even warned of a possible “economic nuclear winter.”

“The country is 100% behind the president on fixing a global system of tariffs that has disadvantaged the country. But, business is a confidence game and confidence depends on trust,” he began his X post. “President Donald Trump has elevated the tariff issue to the most important geopolitical issue in the world, and he has gotten everyone’s attention. So far, so good. And yes, other nations have taken advantage of the U.S. by protecting their home industries at the expense of millions of our jobs and economic growth in our country.”

🔗 link in bio for more on this story.

## Stats

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- **Comments:** 40

## Tags

billackman, donaldtrump

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