Ackman's Praise of Trump's Trade Shift Sparks Online Mockery

Bill Ackman, a billionaire and supporter of Donald Trump, faced widespread criticism on X after praising Trump's trade policy shift as "brilliantly executed." The former president had retreated from most of his proposed tariffs, implementing a 90-day pause while increasing levies on China to 125 percent.

This policy adjustment followed several days of market instability and concerns about inflation and a potential recession. The stock market subsequently experienced a surge after the news of Trump's change in direction. Trump stated his intention to maintain a 10 percent baseline tariff for all countries, indicating a continued protectionist stance for his second term.

Treasury Secretary Scott Bessent described the move as a "successful negotiating strategy," while White House Press Secretary Karoline Leavitt referenced "The Art of the Deal," despite the U.S. not having reached any agreements with other nations. Commerce Secretary Howard Lutnick also shared Trump's message on X, highlighting the administration's view that the world was ready to collaborate with Trump on trade.

Ackman's assessment of the situation as "brilliantly executed" drew significant mockery. Users questioned the rationale behind the praise, with one user pointing out the potential negative consequences of the policy, including China's actions that could undermine the U.S. goals. Others criticized Ackman's perspective, with some users expressing skepticism and making sarcastic remarks.