億萬富翁投資者比爾·阿克曼（Bill Ackman）聲稱，美國商務部長霍華德·盧特尼克（Howard Lutnick

這不是投資建議。作者在提到的任何股票中都沒有立場。 WCCFTECH.com有披露和道德政策。

The ongoing saga of President Trump's tariffs continues to unfold, pushing futures in the US and spot markets in Asia lower on Monday. As the president's advisers reportedly grow increasingly concerned, billionaire investor Bill Ackman has alleged that U.S. Commerce Secretary Howard Lutnick "profits when our economy implodes."

特朗普總統的關稅的持續傳奇繼續不斷增長，週一推動了美國的未來和亞洲的現貨市場。據報導，隨著總統的顧問的越來越關注，億萬富翁投資者比爾·阿克曼（Bill Ackman）聲稱，美國商務部長霍華德·盧特尼克（Howard Lutnick）“當我們的經濟崩潰時獲利。”

Trump has imposed a baseline tariff of 10 percent on all U.S. imports and a veritable host of reciprocal tariffs on some of the biggest trading partners of the U.S., with imports from the E.U. now subject to a 20 percent levy and those from China entailing an eye-water tariff of 54 percent (20 percent fentanyl-related levy +34 percent reciprocal tariffs).

特朗普對美國所有進口量的所有進口和名副其實的互惠關稅徵收了10％的基線關稅，對美國的一些最大的貿易夥伴徵收了互惠關稅，目前，歐盟的進口率持續了20％的徵收，中國的稅率為54％（20％芬太尼相關的稅率+34％百分比+34％的徵收稅率）。

Also, Steel, aluminum, vehicles, and auto parts remain subject to individual tariffs under Section 232, while tariffs on raw semiconductors are expected in the days and weeks ahead.

此外，根據第232條，鋼，鋁，車輛和汽車零件仍然受到個人關稅的約束，而原始半導體的關稅預計會在未來的幾天和幾週內。

However, in a development that caused utter panic on Wall Street on Friday, China has now retaliated by imposing a reciprocal tariff of 34 percent on all imports from the U.S. This measure is expected to invite another retaliation from the Trump administration in a seemingly unending game of one-upmanship.

然而，在周五在華爾街引起恐慌的發展中，中國現在通過對來自美國的所有進口徵收34％的相互關稅進行了報復，這項措施有望在看似無休止的一項上升遊戲的比賽中再次報復特朗普政府。

What's more, despite feeling the heat over the ongoing bloodbath in markets across the globe, Trump appears to be doggedly pursuing his lofty goal of ending all trade deficits for good. This persistence precludes a benign outcome for the markets at large, at least for the foreseeable future.

更重要的是，儘管感覺到全球市場正在進行的血液中的熱量，但特朗普似乎在追求自己的崇高目標，即永久消除所有貿易赤字。至少在可預見的將來，這種持久性排除了整個市場的良性結果。

This figure will accrete to 100 percent over the coming weeks as long as the erroneous and ill-advised "liberation day" tariffs remain intact. These tariffs are bad for everyone except China and bankruptcy attorneys.

只要錯誤和不明智的“解放日”關稅仍然完好無損，這個數字將在接下來的幾週內增值100％。這些關稅對中國和破產律師以外的所有人都不利。

Moreover, CDS pricing now assigns a 62 percent probability to a recession materializing in the U.S. in 2025, while JPMorgan (NYSE:JPM) also expects an economic contraction in the U.S.

此外，CD的價格現在為2025年在美國實現的衰退概率分配了62％

This brings us to the crux of the matter. At the time of writing, Dow futures are down over 900 points or ~2.5 percent. Last week, the Dow posted losses of more than 1,500 points on two consecutive days. Meanwhile, the S&P 500 futures are currently down 2.9 percent, and the tech-heavy Nasdaq-100 futures are down ~4 percent.

這使我們進入了問題的癥結。在撰寫本文時，陶氏期貨下降了900點或約2.5％。上週，道瓊斯指數連續兩天的損失超過1,500點。同時，標準普爾500指得期貨目前下跌2.9％，而技術繁重的納斯達克-100期貨期貨下跌了約4％。

The country is 100% behind the president on fixing a global system of tariffs that has disadvantaged the country. But, business is a confidence game and confidence depends on trust.

該國落後於總統，確定了使該國處境不利的全球關稅制度。但是，業務是一個信心遊戲，信心取決於信任。

President @realDonaldTrump has elevated the tariff issue to the most important geopolitical…

@realdonaldtrump總統將關稅問題提升到了最重要的地緣政治…

— Bill Ackman (@BillAckman) April 6, 2025Earlier on Sunday night, Bill Ackman, who is generally considered a firm Trump supporter, penned a sympathetic if cautious X post on tariffs.

- 比爾·阿克曼（Bill Ackman）（@billackman）2025年4月6日在周日晚上，比爾·阿克曼（Bill Ackman）通常被認為是特朗普的堅定支持者，他在關稅上持謹慎態度的X帖子表示同情。

I just figured out why @howardlutnick is indifferent to the stock market and the economy crashing. He and Cantor are long bonds. He profits when our economy implodes.

我只是想出了為什麼@howardlutnick對股票市場和經濟崩潰無動於衷。他和康托爾是長期的紐帶。當我們的經濟崩潰時，他獲利。

It’s a bad idea to pick a Secretary of Commerce whose firm is levered long fixed income. It’s an irreconcilable…

選擇一位企業槓桿固定收益的商務部長是一個壞主意。這是一個不可調和的……

— Bill Ackman (@BillAckman) April 7, 2025However, as the bloodbath in markets resumed in earnest, Ackman seems to have changed his tone. To wit, the CEO of Pershing Square now believes that Howard Lutnick's interests are not aligned with those of America, given the bond-heavy positions of his firm. For the benefit of those who might not be aware, bonds generally outperform during periods of economic contraction as they benefit from the attendant reduction in interest rates.

- 比爾·阿克曼（Bill Ackman）（@billackman）2025年4月7日，隨著市場上的血腥療法的認真恢復，阿克曼（Ackman）似乎改變了他的語氣。潘興廣場（Pershing Square）的首席執行官現在認為霍華德·盧特尼克（Howard Lutnick）的利益與美國公司的債券高度不滿意。為了那些可能不知道的人的利益，在經濟收縮期間，債券的表現通常勝過，因為它們從利率降低中受益。

No. I am long America and he is short. I am aligned with our country and our economy and he is short.

不，我很長，他很矮。我與我們的國家和經濟保持一致，他很短。

— Bill Ackman (@BillAckman) April 7, 2025When a netizen pointed out that Ackman was equally conflicted, given his stake in Nike (NYSE:NKE), which stands to lose out from sky-high tariffs on Vietnam, the billionaire countered that he was "long America and he [Lutnick] is short."

- 比爾·阿克曼（Bill Ackman）（@billackman）2025年4月7日網民指出，鑑於他在耐克（NYSE：NKE）的股份，阿克曼（Ackman）同樣矛盾，這將從越南對越南高的關稅中輸掉，億萬富翁（億萬富翁）反駁了他是“很長的美國，他[Lutnick]很短。”

Of course, this is just a small emblem of the turmoil that is now sweeping across Trump's inner circle. Should the crisis continue, one should reasonably expect such outbursts much more frequently and with added vehemence.

當然，這只是動蕩的一個小標誌，現在正在特朗普的內心圈子中席捲。如果危機繼續下去，人們應該合理地期望這種爆發更加頻繁，並且會增加。