Trump's Tariff Delay Would Be No Surprise

Billionaire Investor Bill Ackman Predicts US President Donald Trump Will Postpone Tariffs

Renowned investor Bill Ackman has made a bold prediction regarding the ongoing trade tensions between the United States and China. In an interview with CNBC, Ackman, the founder of Pershing Square Capital Management, stated that he believes US President Donald Trump will ultimately postpone the tariffs set to take effect on December 15.

Ackman's prediction comes as the trade war between the US and China continues to escalate, with tariffs on $300 billion worth of Chinese goods set to kick in on December 15. The tariffs, which were initially set to take effect in September, were delayed to give the two nations more time to negotiate a trade deal.

Ackman's prediction is based on his belief that Trump is a "deal-maker" who ultimately wants to make a deal with China. "I think Trump wants to make a deal," Ackman said. "I think he wants to get out of this trade war. I think he wants to make a deal that's good for America, and I think he wants to make a deal that's good for China."

Ackman's prediction is not without precedent. In the past, Trump has been known to back down from confrontations, particularly when it comes to trade. For example, earlier this year, Trump delayed tariffs on European Union goods after the EU agreed to increase its imports of US soybeans.

It's worth noting that Ackman's prediction is not universally shared. Many experts believe that Trump will not back down from his tariffs, and that the US and China will continue to engage in a trade war.

Only time will tell if Ackman's prediction comes to pass. However, one thing is certain: the world is watching the trade war between the US and China with great interest, and any development could have significant implications for the global economy.