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, otherwise high tariffs will accelerate the transfer 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 severe and permanent economic consequences. Time is America's friend and China's enemy."
As Trump's major backer, Ackman speaks without feeling the pain. If time is America's friend, retailers like Walmart would not have requested, just a week ago, that Chinese suppliers provide goods with tariffs borne by the U.S.; Musk and Apple would not have asked China for export licenses for rare earth permanent magnets and other materials; Microsoft would not be acquiring scrap worldwide, trying to extract rare earth materials.
During Obama's administration, the U.S. proposed re-industrialization, if the U.S. had succeeded, there would not be a trade deficit of $1.2 trillion/year; India felt it could make it 20 years ago, even claiming that if China could do it, so could India. Now, is India succeeding? If India could succeed, the U.S. would have succeeded long ago!
$TRUMP
