Trump’s Tariff Tango: Will He Dance or Delay? 💃🕺

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In the dusty corners of Wall Street, where the air is thick with ambition and the scent of money, there sits a billionaire named Bill Ackman. This man, with his crypto-friendly heart, is pondering a curious thought: might President Donald Trump, that ever-controversial figure, decide to hit the pause button on his proposed tariffs come April 7? 🤔

“One would have to imagine that President Trump’s phone has been ringing off the hook,” Ackman mused, his voice dripping with the kind of sarcasm that only a seasoned investor could muster. “The practical reality is that there is insufficient time for him to make deals before the tariffs are scheduled to take effect,” he added, as if the world were not already spinning on the axis of uncertainty.

Trump may postpone tariffs to make more deals, says Ackman

“I would, therefore, not be surprised to wake up Monday with an announcement from the President that he was postponing the implementation of the tariffs to give him time to make deals,” Ackman continued, a smirk playing on his lips. After all, who doesn’t love a good plot twist in the grand drama of economics?

On April 2, in a move that sent ripples through the markets, Trump signed an executive order establishing reciprocal tariffs on trading partners and a 10% baseline tariff on all imports from all countries, effective April 5. And just when you thought it couldn’t get more exciting, harsher tariffs targeting countries with which the US has the largest trade deficits are set to kick in on April 9. Buckle up, folks! 🎢

Ackman, who once boldly declared that “crypto is here to stay” after the FTX collapse, noted that Trump had captured the world’s attention, backing the tariffs as a necessary evil after what he called an “unfair tariff regime” that had been hurting US workers and the economy for decades. Talk about a long game!

Following Trump’s announcement on April 2, the US stock market shed more value during the April 4 trading session than the entire crypto market is currently worth. Yes, you heard that right! The crypto world, often seen as the wild west of finance, held up better than the traditional markets. Who would have thought? 🤷‍♂️

Even prominent crypto voices like BitMEX co-founder Arthur Hayes and Gemini co-founder Cameron Winklevoss have thrown their hats into the ring, showing support for Trump’s tariffs. It’s a party, and everyone’s invited!

Ackman suggested that a pause would be a wise move for Trump—not just to allow time for closing potential deals but also to give companies of all sizes “time to prepare for changes.” He added, with a hint of foreboding:

“The risk of not doing so is that the massive increase in uncertainty drives the economy into a recession, potentially a severe one.” Oh, the drama!

Ackman concluded that April 7 will be “one of the more interesting days” in US economic history. Mark your calendars, folks! 📅

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2025-04-06 08:50