Warning to Trump of the repercussions of the trade war

US billionaire Bill Akman, an investor in hedge funds, warned President Donald Trump of the serious repercussions of customs duties that the White House is planning to impose, noting that it may lead to a large -scale economic collapse, and is particularly harmful to low -income citizens who make up the Trump support base.

In a lengthy publication on the “X” platform, Akman expressed his support for reforming the global trade system, but considered that the imposition of huge customs duties on allies and opponents at the same time represents a “global economic war” that the world may lose its confidence in the United States as a partner and a safe investment center.

Akman called for a 90 -day calm period to amend unbalanced commercial agreements and stimulate investment flows, warning that continuing to escalate will lead to the suspension of investments, the contraction of consumer spending, the demobilization of workers, and a long -term damage to America.

It is noteworthy that the financial markets have witnessed a sharp decline in response to customs duties, amid investor concerns about the repercussions of new trade policies. (Russia today)