Bill Ackman says Donald Trump will ‘use tariffs as a weapon,’ Elon Musk agrees: ‘This will be highly effective’

Invoice Ackman has responded after Donald Trump mentioned he would impose a 25% tariff on all imports from Canada and Mexico on the day he takes workplace. In an X publish, Ackman mentioned the president-elect “goes to make use of tariffs as a weapon to realize financial and political outcomes.”

“To be clear, in keeping with Trump the 25% tariffs won’t be carried out, or if carried out will probably be eliminated, as soon as Mexico and Canada cease the movement of unlawful immigrants and fentanyl into the U.S.,” Ackman wrote. “In different phrases, @realDonaldTrump goes to make use of tariffs as a weapon to realize financial and political outcomes that are in the most effective curiosity of America, fulfilling his America first coverage.”

“It is a smart way for Trump to impact overseas coverage modifications even earlier than he takes workplace,” he added.

Elon Musk additionally responded to Ackman’s publish. Sharing the publish, he agreed with Ackman, saying, “This will probably be extremely efficient”.

What did Donald Trump say?

In a Truth Social post, Trump wrote, “As everyone seems to be conscious, 1000’s of persons are pouring by means of Mexico and Canada, bringing Crime and Medication at ranges by no means seen earlier than. Proper now a Caravan coming from Mexico, composed of 1000’s of individuals, appears to be unstoppable in its quest to come back by means of our at the moment Open Border.”

Trump then mentioned that he’ll “signal all needed paperwork to cost Mexico and Canada a 25% Tariff on ALL merchandise coming into america, and its ridiculous Open Borders” on January 20, which might be “certainly one of my many first Govt Orders”. He added, “This Tariff will stay in impact till such time as Medication, specifically Fentanyl, and all Unlawful Aliens cease this Invasion of our Nation! Each Mexico and Canada have absolutely the proper and energy to simply resolve this lengthy simmering downside. We hereby demand that they use this energy, and till such time that they do, it’s time for them to pay a really large worth!”