American billionaire and Wall Street hedge fund mogul Ackman wrote today (April 28): "China should have a strong desire to reach a trade agreement as soon as possible, or high tariffs will lead companies to accelerate the shift of supply chains to other countries such as India, Vietnam, Mexico, or the United States. If China refuses to negotiate due to pride or emotional factors, it will face more serious and permanent economic consequences. Time is a friend to the United States and an enemy to China." As Trump's major donor, Ackman is quite comfortable making these statements. If time is a friend to the United States, retailers like Walmart wouldn't have submitted requests a week ago, asking Chinese suppliers to provide goods with the tariffs borne by the U.S.; Elon Musk and Apple wouldn't have asked China for export licenses for materials like rare earth permanent magnets; and Microsoft wouldn't be globally acquiring scrap and broken items in an attempt to extract rare earth materials. During Obama's administration, the U.S. proposed re-industrialization; if the U.S. had succeeded, there wouldn't be a $1.2 trillion/year trade deficit. India felt capable 20 years ago and even claimed if China could do it, so could India. Now, is India succeeding? If India could succeed, the U.S. would have succeeded long ago!