On April 9th local time, it was reported that an American billionaire who supports Trump, the CEO of Pershing Square Capital Management, called for a suspension of the current tariff measures, stating that the market is in turmoil due to the escalating trade war.
The CEO said, "If the president doesn't suspend the impact of tariffs soon, many small businesses will go bankrupt." He added, "Next will be medium - sized enterprises. A 90 - day suspension will enable Trump to achieve his goals while avoiding the destruction of small businesses in the short term. Hopefully, reason will prevail in the end."
Previously, the CEO had said that the United States is entering "an economic nuclear winter" because of the tariff policy.
