Trump Tariff Delay Predicted
Billionaire investor Bill Ackman, known for his crypto-friendly stance, believes President Donald Trump may delay the implementation of his recently announced tariffs.
Trump Tariff Postponement Speculation
Ackman, founder of Pershing Square Capital Management, shared his prediction on April 5th via X (formerly Twitter). He noted the short timeframe before the tariffs’ scheduled April 7th and 9th implementation dates, suggesting a delay to allow for more negotiations. He stated, "I would, therefore, not be surprised to wake up Monday with an announcement from the President that he was postponing the implementation of the tariffs to give him time to make deals."
On April 2nd, Trump signed an executive order imposing a 10% baseline tariff on all imports, with harsher reciprocal tariffs on select countries scheduled for April 9th. This action has been met with significant market reaction.
Market Impact and Crypto's Resilience
Following the announcement, the US stock market experienced a substantial decline on April 4th, exceeding the current total market capitalization of the entire cryptocurrency market. Interestingly, the crypto market showed more resilience during this period. This observation has garnered attention from both crypto enthusiasts and skeptics.
Prominent figures within the crypto space, such as BitMEX co-founder Arthur Hayes and Gemini co-founder Cameron Winklevoss, have voiced their support for Trump's tariffs. Ackman highlighted the potential economic consequences of not postponing the tariffs, stating that the increased uncertainty could trigger a recession. He added that a delay would provide businesses of all sizes "time to prepare for changes."
Ackman concluded by calling April 7th "one of the more interesting days" in US economic history. This situation underscores the interconnectedness of global markets and the potential for unexpected shifts in economic policy to impact both traditional and crypto assets.
Codeum offers comprehensive blockchain security services, including smart contract audits, KYC verification, custom smart contract and DApp development, tokenomics and security consultation, and partnerships with launchpads and crypto agencies. Our expertise helps navigate the complexities of the blockchain landscape, ensuring the safety and success of your projects.