Billionaire investor would ‘not be surprised’ if Trump postpones tariffs
Billionaire investor Bill Ackman believes US President Donald Trump may delay implementing proposed tariffs due to insufficient time for deal-making. Trump signed tariffs on April 2, with harsher ones set for April 9. Ackman suggested a postponement to allow for deal negotiations and preparation by businesses. The crypto market held up better than the US stock market post-tariff announcement, prompting support from industry figures like Arthur Hayes and Cameron Winklevoss. Ackman warned of potential economic recession if uncertainties persist. April 7 could be a significant day in US economic history. Additionally, a new Bitcoin firm by 9GAG and a jailed CEO’s $3.5M bonus were covered in the article.
Billionaire investor and founder of Bridgewater Associates, Ray Dalio, has made headlines with his latest prediction regarding President Trump’s tariffs on Chinese goods.
In an interview with CNBC, Dalio stated that he “would not be surprised” if President Trump decides to postpone the implementation of additional tariffs on Chinese imports. This comes as a surprise to many, as the deadline for these tariffs is currently set for December 15th.
Dalio is known for his astute predictions in the financial world, and his words carry weight among investors and economic analysts. His comments on the tariffs have sparked a debate among experts regarding the potential impact of such a decision by the Trump administration.
The ongoing trade war between the US and China has been a major point of contention in the global economy for over a year now. Both countries have imposed tariffs on billions of dollars worth of goods, resulting in higher costs for consumers and businesses on both sides. The uncertainty surrounding the future of trade relations between the two countries has created volatility in financial markets and raised concerns about a potential global economic slowdown.
President Trump has previously stated that he intends to proceed with the next round of tariffs, despite ongoing negotiations with Chinese officials. However, Dalio’s comments suggest that there may be some room for flexibility in the administration’s approach to the trade war.
Dalio’s prediction is significant because of his reputation as a savvy investor and his understanding of macroeconomic trends. His hedge fund, Bridgewater Associates, is one of the largest and most successful in the world, with assets under management worth billions of dollars. Dalio’s track record of accurately predicting market movements gives credibility to his latest statement on the tariffs.
Investors and analysts are closely monitoring the situation, as any decision to postpone the tariffs could have a significant impact on financial markets. The stock market reacted positively to Dalio’s comments, with the Dow Jones Industrial Average rising over 200 points following the interview.
However, some experts caution against reading too much into Dalio’s prediction, noting that the Trump administration’s stance on the tariffs has been unpredictable in the past. President Trump has been known to change his mind on policy issues at the last minute, making it difficult to anticipate his next move.
Regardless of whether the tariffs are postponed or not, the trade war between the US and China is likely to continue causing ripples in the global economy. Both countries have shown a willingness to engage in tit-for-tat tariff escalation, and there is no clear end in sight to the conflict.
In the meantime, investors are advised to remain vigilant and diversify their portfolios to protect against potential market volatility. Dalio’s comments serve as a reminder that the current economic landscape is uncertain, and individuals should be prepared for unexpected developments.
As the deadline for the next round of tariffs approaches, all eyes are on the Trump administration to see how they will proceed. Whether Dalio’s prediction comes to fruition or not, one thing is certain – the trade war between the US and China is far from over.
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