As futures in the US and spot markets in Asia crash on Trump's doubling down on his "impose tariffs first and ask questions later" strategy, tensions are apparently reaching a boiling point. Case in point: the billionaire investor and CEO of Pershing Square, Bill Ackman, has just alleged that the US Commerce Secretary, Howard Lutnick, "profits when our economy implodes." For the benefit of those who might not be aware, President Trump has now imposed a baseline tariff of 10 percent on all US imports, plus a veritable host of reciprocal tariffs on some of the biggest trading partners of the US, […]
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