Billionaire hedge fund investor Bill Ackman on Wednesday praised President Trump’s decision to implement a 90-day pause on reciprocal tariffs against foreign trading partners, with the exception of China.

“This was brilliantly executed by @realDonaldTrump," Ackman wrote social platform X. "Textbook, Art of the Deal."

His praise came after Trump ratcheted up tariffs to 125 percent on Beijing in response to retaliatory tariffs from the Chinese Ministry of Commerce. The administration, early Wednesday, levied a 104 percent import tax on the nation after China imposed a 34 percent........

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