Ken Griffin, Founder and CEO of Citadel, Speaks during the new york times’ Annual Dealbook Summit in New York City, Dec. 4, 2024.
Michael M. Santiago | Getty Images
Citadel Ceo Ken griffin Sent a stern warning against the negative impact from president Donald Trump‘s combative approach to us trade policy.
“From my vantage point, the bombastic rhetoric, the damage has alrady been don,” Griffin Said Tuesday at the UBS Financial Services Conference Conference in Key Biscayne, Florida. “It’s a huge mistake to work to this form of rhetoric when you trying to drive a bargain a bargain because … It Tears Into the Minds of CEOS of CEOS, Policymakers That We Can’t Depend upon Ameerica, AS OUR TRIDING PARTNERICA.
The Billionaire Hedge Fund Founder’s Comments Came After Trump on Monday Evening Signed an order that would IMPOSE 25% tariffs on Steel and aluminum importsThe President has alredy enacted a 10% duty on all chinese imports, while Pausing His 25% Tarifs On Goods from Mexico and Canada Temporarily.
Griffin, Who Voted for Trump and was a Megadonor to Republican Politicians, BELIEVES THE HOSTILE DINAMICS CUSED by Punitive Tariffs Tarifs Cold Make Long-Term Investments Challenging for Multailing for Multinational Company.
“It makes it dies in multinationals, in particular, to think about how to plan for five, 10, 15, 20 years, particularly when it is to come to long live time time Capital Investments Degradation of the current Terms of Engagement as Amongst the Leading Western Countries when It Comes to Terms and Trade, “He said.
Griffin Previous Cautioned That CRONY CAPITALID BE A CONSEQUENCE of tarifs. Crony capitalism is an economic system marked by close, mutually Advantageous Relationships Between Business Leaders and Government Officials.
The White House did not immomedialy respond to a request for comment.
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