Wall Street Starts to Speak Out Against Trump’s Tariffs

Veteran investor Stan Druckenmiller and Pershing Square’s Bill Ackman are among those raising concerns about the president’s steep, across-the-globe levies. Bill Ackman, the billionaire hedge-fund manager behind Pershing Square, called for a 90-day pause in the tariffs to negotiate with other countries, warning that the alternative was “a self-induced, economic nuclear winter.” “We are in the process of destroying confidence in our country as a trading partner, as a place to do business, and as a market to invest capital,” Ackman wrote in a social-media post on X.