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Bill Ackman: Trump tariffs on China should be paused and taken down

On April 9, the Trump administration announced a 90-day pause on all reciprocal tariffs except for those on goods from China. Tariffs on one of the US's most important trading partners now stand at 145% — a 125% reciprocal tariff and the 20% Trump previously levied.
Bill Ackman, a prominent investor, has expressed support for former President Donald Trump's proposed tariffs on Chinese goods, arguing that they could help reduce the U.S. trade deficit with China and protect American industries. In an interview with CNBC, Ackman suggested that tariffs could be an effective tool to address the trade imbalance, despite potential short-term costs to consumers. He emphasized the need for the U.S. to take a stronger stance against China's trade practices, which he believes have been detrimental to American businesses. Ackman's comments come amid ongoing debates about U.S.-China trade relations and the potential impact of tariffs on the global economy.

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