A billionaire investor known for his crypto-friendly stance is contemplating the likelihood that US President Donald Trump may delay the implementation of his contentious proposed tariffs on April 7.
“One can only assume that President Trump’s phone has been inundated with calls. The harsh reality is that there isn’t enough time for him to forge deals before the tariffs are set to be enforced,” the founder of a prominent investment management firm remarked in an April 5 post on social media.
Trump might delay tariffs to negotiate further, investor suggests
“Thus, I wouldn’t be surprised to wake up on Monday to an announcement from the President indicating a postponement of the tariffs in order to create room for negotiations,” he continued.
On April 2, Trump enacted an executive order that imposed a 10% baseline tariff on imports from all nations, which took effect on April 5. More severe reciprocal tariffs against trading partners with which the US holds significant trade deficits are set to be implemented on April 9.
The investor, who famously stated “crypto is here to stay” after the FTX collapse in November 2022, observed that Trump garnered global attention from trading partners, justifying the tariffs as necessary following what he deemed an “unfair tariff regime” that has negatively impacted American workers and the economy for decades.
After Trump’s announcement on April 2, the US stock market experienced a larger decline during the April 4 trading session than the total value of the current crypto market. The fact that the crypto sector proved more resilient than the US stock market attracted both advocates and critics from the crypto industry.
Source: Cameron Winklevoss
Notable figures in the crypto space, including the co-founder of a major trading platform and a prominent entrepreneur in the industry, have also recently voiced their support for Trump’s tariffs.
In related news: Trump’s tariffs create challenges for already struggling Bitcoin miners — executive discusses
The investor posited that a pause would be a sensible strategy for Trump—not only to facilitate potential deals but also to provide companies of all sizes “time to prepare for changes.” He elaborated:
“Failing to do so carries the risk that significant uncertainty could push the economy into a recession, possibly a severe one.”
He remarked that April 7 is set to be “one of the more intriguing days” in the history of the US economy.
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