Billionaire Trump supporter Bill Ackman faced widespread mockery on social media after hailing President Donald Trump's tariff policy reversal as 'brilliantly executed'. Trump announced a 90-day pause on most 'Liberation Day' tariffs on Wednesday, while increasing levies on China to 125 percent.
The reversal followed days of market turmoil and fears of inflation and recession, before stocks surged on the news. Critics pointed out that the US has yet to secure any trade deals, despite White House Press Secretary Karoline Leavitt invoking Trump's book 'The Art of the Deal'.
Ackman's post on X, which garnered millions of views, was met with ridicule. Users questioned his seriousness, with one noting that 'pigeons have better pattern recognition than you do'. Others accused Ackman of 'whining' and playing a part in the market drama.
MSNBC host Lawrence O'Donnell commented: 'There's no deal. Trump caved before making a single deal with a single country.' Treasury Secretary Scott Bessent defended the strategy as a 'successful negotiating tactic', but critics remained unconvinced.
