Billionaire Investment Manager Billwho supported Donald Trump’s candidacy for the presidency, urged the US president to suspend the recently announced trade duties, warning that there is a risk of causing a financial “nuclear winter” and losing his confidence himself.

“The president has an opportunity to take a 90 -day Thaimut”, Mr Akman was suggested via X to solve the existing trade problems with trading through negotiations.

‘If, on the other (…) we unleash economic warfare against every country in the world, the Investments will stopthe investors will close their wallets (…) and we will suffer very serious damage As for our reputation in the rest of the world, which we will make for years and possibly decades to restore, ” added, insisting that business activity above all is based on “confidence”.

The Country is 100% Behind the President on Fixing a Global System of Tariffs That Has Disadvantaized the Country. But, business is a confidence game and confidence depends on Trust.

President @realdonaldtrump Has elevated the tariff Issue to the Most Important Geopolitic…

– Bill Ackman (@billackman) April 6, 2025

Dimon: Duties probably “will increase inflation” and “slow down growth” in the US

On Monday, Mr Akman’s warning was repeated by another prominent Wall Street personality. JPMorgan Chase President Jamie Dimon said Trump’s duties are at risk of raising prices for Americans.

Duties are likely to “increase inflation” and “slow down growth” in the United States, warns the large US bank Jpmorgan Chase in its letter to investors.

“Recent customs duties will probably increase inflation”says CEO Jamie Dimon and adds: “Whether customs duties will reach the challenge of economic downturn is uncertain, but will slow growth.”

“There is a lot of uncertainty about the new tariff policy”observes Jamie Daimon and refers to the possibility of countermeasures by other countries, the consequences of investor confidence and the dollar exchange rate.

“The faster these issues are resolved, the better, because some negative consequences will accumulate over time and be difficult to dispel”warns the leader of JPMorgan Chase.

It is noted that shares in Europe and Asia continued to fall on Monday as markets react to the sweeping, global duties announced by Trump last week.

Trump: “Sometimes you have to take the medicine”

At the same time, the US president shows that he has no intention of receding on the issue by saying that “sometimes you have to take medication to correct something”. He says this move will give his country a new impetus with new jobs and investment, but economists warn that prices could rise for Americans and trigger a trade war.

Specifically, on Sunday night, Donald Trump made new arson statements on duties and said that if the US trade deficit is not resolved against China, there would be no agreement.

“The only way to solve this problem is the duties, he repeated. Trump revealed that on the weekend he discussed “with many Europeans, Asians, all over the world. They all want to close a deal.” Asked about the possibility of negotiating a free trade agreement – in other words of dictatorship – between the US and the EU, as his adviser and ally of Ilon Musk, President Trump reiterated that in his opinion “Europe did not do so and our backs. products. “

Asked about the collapse of the stock markets, she was limited to saying that she does not want the shares to be back, “but sometimes you have to take the medicine to do well.”

He also urged the people to “endure” by stressing that this is a “economic revolution”.

In a post on Truth Social, he said: “We have huge financial deficits with China, the European Union and many others. The only way that this problem can be resolved is with the DASTERS that bring billions of dollars to the US. It is already in force and it is great to see it. The deficit with these countries was reinforced by the “presidency” of the sleeping Joe Biden. We will overthrow this and overthrow it quickly. One day people will realize that duties are beautiful for the United States of America. “

Extraordinary Council of Ministers of Commerce

Europe must be adapted to a “example change” in world trade, European Commissioner Maros Shefkovic said, coming to the Extraordinary Council of Commerce Ministers today in Luxembourg.

M. Sefkovic stressed that today’s debate will focus on the next steps and the preparation of European response to US customs duties, but also on how to ensure that European companies receive “sufficient support” in this difficult situation. At the same time, he stressed that the EU’s free trade negotiations with the rest of the world would be discussed. M. Sefkovic will inform EU Ministers of Commerce of talks last Friday with US Commerce Minister Howard Lutnik and White House trading spokesman, Jameson Green, about 20% of the “unjustified”.

According to the Polish Presidency of the EU Council, the aim of the current Council in Luxembourg is to provide a message of unity of 27 members that they support the committee’s work.

German Finance Minister Robert Hambek, joining the Council of Commerce Ministers, said EU countries should remain united, warning that if a country tries to solve the problem alone, it would not succeed. “The EU is in a strong position to respond to US customs duties,” R. Habek said, warning that EU countermeasures could “hurt” the US. R. Hambek described US calculations as “stupid” to impose duties around the world, stressing that they have created a chaos.

For its part, the Netherlands Commerce Minister Rinet Clever said the EU should keep its temper before responding to US duties with countermeasures.

EU ministers will not discuss in detail the European countermeasures – it is too early for this – commenting on European sources, but there will be an in -depth political debate. As the Commission President has stated, the EU has a huge range of tools to respond to the customs duties of D. Trump.

France, according to statements by its government spokesman, Sophie Primas, insists on measures that will hurt the US and in particular the need to attack US digital services. In contrast, countries such as Italy, Poland, Belgium, Sweden, etc. They are calling for appeal and continued negotiations with Washington, with the aim of finding a compromise.

In mid -April, EU countermeasures are expected to take effect to 25% of US President D. Trump in Aluminum and Steel. These duties affect 26 billion euros of European exports and the European Commission already has the answer with countermeasures that will hit the US economy with the same amount.

At the same time, the European Commission is preparing a new bailout as a response to the new 20% US customs duties announced this week for the EU, as well as the 25% duties in European cars. According to the Commission, “all options are on the table”, but the EU’s response will not come before the end of April.

The Commission estimates that on the basis of all US duties announcements, European goods will be affected by a total value of 380 billion euros.

This week, the Commission is organizing meetings with the most affected industrial sectors, especially the automotive, steel and medicinal products, to evaluate the consequences and ways of possible assistance.