The U.S. and China have locked horns over trade, and neither country will likely escape unscathed. The decision to impose tariffs on imports has sparked considerable debate. Those in favor of tariffs argue they'll encourage a return of manufacturing to the United States,

Billionaire hedge fund manager Bill Ackman ... the longer the tariffs persist, the more rapidly every company that has a supply chain based in China relocates it to India, Vietnam, Mexico, the U.S. or some other country," Ackman wrote.

Billionaire Bill Ackman proposed that Trump implement a gradual, escalating China tariff plan to push fair trade talks.

It served as the latest in a broad thawing of trade-war tensions between the US and China ... tariff-related inflation in Tuesday's report, economists argue the full brunt of the new policies ...

Bill Ackman, a Donald Trump supporter, suggests pausing China tariffs. He proposes a 90-day suspension. Ackman believes this helps US businesses adjust. He wants tariffs reduced to 10% temporarily.

Billionaire Investor Bill Ackman called on President Donald Trump to temporarily pause tariffs on Chinese imports, arguing such a move would strategically benefit U.S. trade negotiations.

U.S. President Donald Trump on Sunday bore down on his administration's latest message that the exclusion of smartphones and computers from his "reciprocal" tariffs on China will be short-lived, pledging a national security trade investigation into the semiconductor sector.

The president has backtracked repeatedly on his tariff policies, creating a whiplash with downsides and few clear benefits so far.