April 8 (Reuters) - The U.S. should delay implementing
its new tariffs for up to 90 days while trade negotiations take
place, billionaire investor Bill Ackman, who endorsed Donald
Trump's run for president, said in a social media post on
Tuesday.
Ackman said that while he was supportive of tariffs, a 30-,
60- or 90-day pause would prevent "a major global economic
disruption that would harm the most vulnerable companies and
citizens of our country."
Implementing the tariffs without allowing time for
agreements will do "unnecessary harm," Ackman wrote.
Ackman is among a number of high-profile executives who have
expressed concerns over Trump's new tariff plan.
JPMorgan Chase ( JPM ) CEO Jamie Dimon and BlackRock ( BLK )
chief Larry Fink have also warned that the trade tensions could
constrain the economy.
(Reporting by Niket Nishant in Bengaluru; Editing by Anil
D'Silva)