Bill Ackman and Stanley Druckenmiller condemned President Donald Trump’s decision to launch expansive global tariffs, which have plunged markets into chaos.
The new trade regime is a "mistake,” said Ackman, the founder of Pershing Square and vocal Trump supporter, in a post on X. Druckenmiller, the former George Soros protege and longtime deficit hawk, also took to the platform to write a rare post expanding on criticisms he made of the policies from an interview in January.
"I do not support tariffs exceeding 10% which I made abundantly clear in the interview you cite,” Druckenmiller wrote Sunday, replying to a clip of an earlier interview with CNBC. Bloomberg News couldn’t independently verify his account.
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