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Bill Ackman makes big bet on Hertz becoming tariff winner

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Bill Ackman's Pershing Square Capital Management has amassed a nearly 20% stake in Hertz.
In an article from Fortune, Bill Ackman, the founder of Pershing Square Capital Management, discusses how Hertz Global Holdings could benefit from President Trump's proposed tariffs on imported cars. Ackman, who has a significant stake in Hertz, argues that the tariffs would make domestic car rentals more competitive against foreign manufacturers, potentially increasing demand for Hertz's services. He believes that if the tariffs are implemented, Hertz could see a rise in its stock value, as the company primarily rents vehicles from American manufacturers. Ackman's perspective is part of a broader discussion on how trade policies could impact various sectors of the economy, with rental car companies like Hertz potentially emerging as winners in this scenario.

Read the Full Fortune Article at:
[ https://fortune.com/article/ackman-hertz-pershing-trump-tariff-winner-rental-cars-autos/ ]