Fear of 'looking weak' is all that's stopping the US and China from cutting tariffs, Bill Ackman says

Source: Business Insider

Bill Ackman said a 'fear of looking weak' was all that was stopping the US and China from cutting tariffs. Brian Snyder/ReutersBill Ackman said a fear of looking weak is preventing the US and China from cutting tariffs. The billionaire hedge fund manager said tariffs should fall to "more reasonable levels" of 10% to 20%.