Fear of 'looking weak' is all that's stopping the US and China from cutting tariffs, Bill Ackman says

Bill Ackman said a 'fear of looking weak' was all that was stopping the US and China from cutting tariffs.

Brian Snyder/Reuters

• Bill Ackman said a fear of looking weak is preventing the US and China from cutting tariffs.
• The billionaire hedge fund manager said tariffs should fall to "more reasonable levels" of 10% to 20%.
• He also questioned the belief that China can "win" a trade war with the US.

Billionaire hedge fund manager Bill Ackman has said that China...