Billionaire Trump supporter issues eerie warning after begging president to pause tariffs

A billionaire Donald Trump supporter has issued an eerie warning after begging the president to pause his latest tariffs.

Last week (2 April), the world nervously watched on as the 78-year-old Republican leader announced his list of reciprocal tariffs he's set to impose on a number of nations across the globe - something he dubbed his 'Liberation Day' tariffs.

The announcement has been met with major criticism and uproar with the latest coming from billionaire hedge fund manager and and CEO of Pershing Square Capital Management, Bill Ackman.

Taking to social media over the weekend (6 April), Ackman - who is, by the way, a staunch Trump ally - began in a lengthy tweet: "The country is 100% behind the president on fixing a global system of tariffs that has disadvantaged the country. But, business is a confidence game and confidence depends on trust."

He went on to declare: "President @realDonaldTrump has elevated the tariff issue to the most important geopolitical issue in the world, and he has gotten everyone’s attention. So far, so good.

"And yes, other nations have taken advantage of the US by protecting their home industries at the expense of millions of our jobs and economic growth in our country.

"But, by placing massive and disproportionate tariffs on our friends and our enemies alike and thereby launching a global economic war against the whole world at once, we are in the process of destroying confidence in our country as a trading partner, as a place to do business, and as a market to invest capital."

Ackman went on to write that the president now has an opportunity to call a '90-day time out' as well as 'negotiate and resolve unfair asymmetric tariff deals' and 'induce trillions of dollars of new investment in our country'.

"If, on the other hand, on April 9th we launch economic nuclear war on every country in the world, business investment will grind to a halt, consumers will close their wallets and pocket books, and we will severely damage our reputation with the rest of the world that will take years and potentially decades to rehabilitate," he continued.

He went on: "What CEO and what board of directors will be comfortable making large, long-term, economic commitments in our country in the middle of an economic nuclear war?

"I don’t know of one who will do so."

Ackman noted that 'when markets crash, new investment stops, consumers stop spending money, and businesses have no choice but to curtail investment and fire workers'.

"And it is not just the big companies that will suffer," he highlighted. "Small and medium size businesses and entrepreneurs will experience much greater pain.

"Almost no business can pass through an overnight massive increase in costs to their customers. And that’s true even if they have no debt, and, unfortunately, there is a massive amount of leverage in the system."

Rounding off his statement, Ackman stated that business is a 'confidence game', adding: "The president is losing the confidence of business leaders around the globe.

"The consequences for our country and the millions of our citizens who have supported the president - in particular low-income consumers who are already under a huge amount of economic stress - are going to be severely negative.

"This is not what we voted for."

He finished up the tweet declaring that Trump has an opportunity on Monday (7 April) 'to call a time out and have the time to execute on fixing an unfair tariff system'.

"Alternatively," he concluded, "we are heading for a self-induced, economic nuclear winter, and we should start hunkering down.

"May cooler heads prevail."