Hedge fund billionaires lash out at US tariffs as rout deepens

Ackman: I strongly believe launching tariffs on April 9 against the entire world – massively in excess of what we are being charged – is a mistake. Pic courtesy of Bloomberg

NEW YORK: Bill Ackman and Stanley Druckenmiller condemn 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.