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Bill Ackman calls Trump the 'most pro-business president we've ever had'
President Donald Trump's presidency has been uniquely good for businesses, according to Bill Ackman, CEO of Pershing Square Capital Management.
"I think Trump has been the most pro-business president we've ever had," Ackman said Tuesday morning on CNBC's "Squawk Box."
Ackman pointed to infrastructure and tax bills as having positive effects for businesses. He also noted that the Federal Reserve is "accommodative" of interest rate cuts.
Ackman acknowledged that he was "a little bit concerned" by Trump's market-roiling tariff policy first unveiled in April. However, Ackman credited Trump for changing his position after the billionaire investor suggested taking a pause before implementing the policy.
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Bill Ackman’s remarks on CNBC offered a rare combination of pragmatism and optimism about America’s economic direction, government policy, and the transformative power of technology.
“I wish we had a better relationship with China,” he said. “I think it’s really unfortunate that two of the most important powers in the world are at loggerheads and I just think we should make peace with China. I think that would be very, very good. That would be an incredible white swan.”
His call for cooperation rather than confrontation underscores a theme that runs throughout his thinking—progress through balance rather than conflict.
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