Ackman and Musk discuss Trump's proposed tariffs on Canada and Mexico

Bill Ackman has commented on Donald Trump's plan to impose a 25% tariff on imports from Canada and Mexico starting on his first day in office. Ackman stated that Trump intends to use tariffs to achieve economic and political goals. Trump's announcement includes a condition that the tariffs will remain until Mexico and Canada address issues related to illegal immigration and drug trafficking. He described the situation as an "invasion" and emphasized the need for action from both countries. Elon Musk supported Ackman's view, agreeing that Trump's approach could be "highly effective." Trump's statements were made via Truth Social, highlighting his focus on border security and trade policy.