Fear of 'looking weak' is all that's stopping the US and China from cutting tariffs, Bill Ackman says
1. Ackman urges US and China to reduce tariffs to 10-20%. 2. Current tariffs are 145% on Chinese goods and 125% on American goods. 3. High tariffs harm companies dependent on China for products. 4. Supply chains are shifting away from China to other countries. 5. Trade talks between US and China are currently unclear.