Billionaire investor Bill Ackman urged foreign leaders to immediately reach out to President Trump amid the financial fallout from his new tariffs, according to his post on X. Ackman emphasized Trump’s dealmaking skills, describing him as a tough but fair negotiator. Ackman stressed that Trump views the world as a series of transactions and suggested that countries should take the opportunity to engage directly to avoid further economic damage. His comments come as stocks plummeted, contributing to the market's worst sell-off since the pandemic. Ackman warned that nations imposing retaliatory tariffs would face severe consequences, advising them to strike a deal with Trump.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Billionaire investor Bill Ackman urged foreign leaders to immediately reach out to President
00:06Trump amid the financial fallout from his new tariffs, according to his post on X.
00:10Ackman emphasized Trump's dealmaking skills, describing him as a tough but fair negotiator.
00:15Ackman stressed that Trump's view on the world is a series of transactions and suggested
00:20that countries should take the opportunity to engage directly to avoid further economic damage.
00:25His comments come as stocks plummeted, contributing to the market's worst
00:29selloff since the pandemic. Ackman warned that nations imposing regulatory tariffs
00:34would face severe consequences, advising them to strike a deal with President Donald Trump.