Trump’s Business Support Wanes, Bill Ackman Claims
Bill Ackman is talking, and people are listening.
He says Donald Trump is losing support from the business world. That’s a big deal. Why? Because Trump has always called himself a strong businessman. In the past, many CEOs and investors liked him. They even backed his ideas. But now, things seem to be changing.
Ackman isn’t just anyone. He’s a famous investor. He’s made big bets on Wall Street. And when he speaks, the business world pays attention.
So, what did he say about Trump? And why does it matter to us? Let’s discuss some facts.
Who is Bill Ackman?

Bill Ackman is a well-known figure in the investment world. He leads Pershing Square Capital Management. It’s a hedge fund and he’s famous for making bold moves in the stock market. Ackman has built a reputation for taking significant stakes in companies and pushing for changes to increase their value.
Beyond his investment strategies, Ackman often shares his views on political and economic matters. For instance, in 2016, he expressed optimism about Donald Trump’s presidency. He believed that having a businessman in the White House could boost the U.S. economy. His opinions are influential, with many on Wall Street and in the media paying close attention to his insights.
The Statement: What Did Ackman Say?
Recently, Bill Ackman voiced concerns about President Trump’s tariff plans. He warned that implementing these tariffs could lead to an “economic nuclear winter,” suggesting severe negative impacts on the global economy.
Ackman made these remarks through social media posts and interviews. It emphasizes the urgency of pausing the tariffs. He proposed a 90-day delay to allow for a more thorough assessment and to prevent a potential self-inflicted recession. His tone was serious, highlighting the risks of moving forward without reconsideration.
Why It Matters: Trump’s Business Image
Donald Trump has long portrayed himself as a successful businessman, a key aspect of his political identity. During his campaign and presidency, he garnered support from various business leaders who believed his policies would favor economic growth.
However, recent developments suggest a shift in this perception. The introduction of broad tariffs has raised concerns among investors and economists about potential negative impacts on the economy. These policies, coupled with ongoing legal challenges and controversies, have contributed to a changing sentiment within the business community.
The Business Community’s Changing Stance
In light of recent policies, some companies and business leaders have begun to distance themselves from President Trump. The announcement of sweeping tariffs has led to significant market losses, with the ASX experiencing a $100 billion decline and global wealth destruction estimated at $13.8 billion.

Such figures indicate a growing apprehension in the business world regarding the administration’s economic strategies.
This shift is also evident in political donations and public endorsements, with some entities opting for neutrality or supporting alternative candidates within the GOP.
Bill Ackman’s History with Politics and Trump
Bill Ackman’s relationship with Donald Trump has evolved over time. In 2024, Ackman expressed concerns about Trump’s political prospects, warning that he could “crush” President Biden in the upcoming election.
These shifts highlight Ackman’s pragmatic approach, assessing political figures based on their policies and potential impact on the economy.
Market and Economic Implications
Investors closely monitor political decisions and know their potential to influence markets. Ackman’s warnings about the tariffs reflect broader concerns on Wall Street regarding the administration’s trade policies.
The implementation of these tariffs has already led to significant market volatility, with major indexes nearing bear market territory. Companies associated with Trump, such as the Trump Media & Technology Group, have also experienced fluctuations in stock performance, underscoring the tangible impact of political decisions on the market.
Public Reaction and Media Coverage
Ackman’s statements have garnered attention from mainstream media and the public.
Outlets like MarketWatch and Axios have reported on his warnings, highlighting the potential economic risks of the proposed tariffs.
On social media, discussions are active, with individuals expressing a range of opinions on Ackman’s stance and the administration’s policies.
Some support his call for caution, others view it as an overreaction. Responses from Trump’s allies and businesses have been varied, with some defending the tariffs as necessary for fair trade.
Final Thoughts
Bill Ackman’s recent comments shed light on a growing concern within the business community regarding President Trump’s economic policies. His warnings about the potential fallout from the proposed tariffs highlight the delicate balance between political decisions and economic stability.
The evolving relationship between Trump and the business world will undoubtedly play an important role to create a stable economic landscape.
Frequently Asked Questions (FAQs)
Bill Ackman is best known as an activist investor who takes significant stakes in companies to influence management and drive strategic changes aimed at increasing shareholder value.
As of April 2025, Bill Ackman’s Pershing Square Capital Management holds positions in:
Brookfield Corporation
Restaurant Brands International
Chipotle Mexican Grill
Howard Hughes Holdings
Alphabet Inc.
Nike Inc.
Canadian Pacific Kansas City
Ackman’s strategy focuses on investing in simple, predictable, and cash-generating businesses with strong market positions and high barriers to entry. He emphasizes companies with high returns on capital, limited extrinsic risks, strong balance sheets, and excellent management teams.
As of April 2025, Ackman’s largest holding is Brookfield Corporation, comprising approximately 15.9% of Pershing Square’s portfolio.
Disclaimer:
This article is for informational purposes only and does not constitute financial or investment advice. Readers should consult with a professional advisor before making any investment decisions.