RE: Trump is losing the confidence of business leaders, billionaire investor Bill Ackman says7 Apr 2025 09:13
I don’t think the markets will force him out, not anytime soon. Trump’s ambitions and plans, and the team, particularly S Bessent, are going to want to see this through. What they envisage long term for the US goes way beyond a few calamitous trading sessions. I’m not saying I agree with it, but it’s useful to understand that the US is drowning in debt and simply calling time on tariffs now is not going to solve their problems. A full reset, in the eyes of the trump team, is the only solution.
Besides, it reaches a point where the U Turn is no less damaging than seeing it through. Either way confidence in the markets is shot to bits now.