President Donald Trump made an announcement on Wednesday, revealing a 90-day suspension of his tariff plan aimed at various countries. This decision led to a surge in the stock markets following several days of significant declines. Business figures such as Bill Ackman and Mark Cuban had varying reactions to the news.

The market, which had seen a downward trend due to the president's trade strategy, reacted positively to the planned suspension. Leaders from different industries provided their initial feedback on the development. Bill Ackman, a billionaire hedge fund manager, commended Trump's execution, calling it a strategic move. He emphasized the need for negotiations to prevent global economic disruptions.

Former PayPal executive David Sacks praised Trump's decision on tariffs as a significant win for the president. He criticized those who had anticipated negative outcomes, stating that Trump's approach was vindicated and had put China in a difficult position. Meanwhile, Diane Swonk, the chief economist at KPMG, highlighted that despite the pause in implementation, the country still faces tariff challenges, especially with the higher effective tariff rate during this period compared to the original announcement.