Time is friend of US, enemy of China in trade war: Bill Ackman

Billionaire Bill Ackman said time is a friend of the US and an enemy of China in the ongoing trade war. Companies will shift their supply chains from China to India, Vietnam or some other country if tariffs persist for longer, he said. "If...China stubbornly decides to...not negotiate due to pride...it will suffer much more severe...economic consequences," he added.