Trump's trade war risks US capital flight, warns hedge fund Elliott

Contributing sentiments towards policy:

48% : The tariffs contemplated by the administration were "likely more stringent than the ones that exacerbated the Great Depression in the 1930s", Elliott wrote in the letter, which was sent to investors after Trump announced a 90-day pause to his sweeping "reciprocal" tariffs on US trading partners last month, but before this week's US-China trade deal fuelled a further recovery in markets.
17% : Bill Ackman, a supporter of Trump in the 2024 presidential campaign, has described the tariffs as "a major policy error", while billionaire investor Stanley Druckenmiller has said he does not support tariffs exceeding 10 per cent.

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