Bill Ackman apologizes for accusing US Commerce Secretary Lutnick of putting economic gains at risk due to tariff policies

Renowned hedge fund manager Bill Ackman issued a statement apologizing for his previous accusations against US Secretary of Commerce Howard Lutnick, stating that his motives should not be questioned and believing that he was doing his best to serve the country on behalf of the president. He emphasized that tariffs are a major policy mistake that could jeopardize the current economic progress of the United States, while also expressing the hope that this policy will ultimately be "slapped in the face" and bring positive results to the country and the global economy. Previously, Ackman criticized Lutnick's institution for being "indifferent" to the stock market downturn due to long positions in bonds.