Trump's Trade Truce: A Welcome Reprieve for American Businesses

Bill Ackman praises Trump's tariff pause: 'Thank you on behalf of all Americans'

CNBC.com - April 9, 2025 - Billionaire investor Bill Ackman, founder of Pershing Square Capital Management, praised President Donald Trump's decision to pause tariffs on Chinese goods, saying it's a "thank you" to all Americans.

In a tweet, Ackman wrote: "Thank you @realDonaldTrump for pausing tariffs on Chinese goods. This is a huge victory for American consumers and a huge relief for American businesses. You've done it again, Mr. President!"

The tweet was in response to the Trump administration's announcement that it would pause tariffs on $120 billion worth of Chinese goods, effective April 10. The pause is seen as a goodwill gesture ahead of a potential trade deal with China.

Ackman, a vocal critic of Trump's trade policies in the past, has been a vocal supporter of the president's efforts to address the trade deficit with China. In a statement to CNBC, Ackman said: "The pause in tariffs is a huge win for American consumers and businesses. It's a recognition that the tariffs were having a negative impact on the economy and that a more targeted approach is needed to address the trade deficit with China."

Ackman's praise for Trump's tariff pause comes as a surprise to many, given his previous criticism of the president's trade policies. However, Ackman has been a vocal supporter of Trump's efforts to address the trade deficit with China, and has argued that the tariffs are a necessary step to address the country's trade imbalance.

The pause in tariffs is seen as a sign of progress in the ongoing trade talks between the U.S. and China. The two countries have been engaged in a trade war for over a year, with both sides imposing tariffs on billions of dollars worth of goods. The pause in tariffs is seen as a sign that the two countries are making progress in their talks, and that a potential trade deal is within reach.