Citadel’s founder and CEO Ken Griffin spoke at the New York Times Annual Book of Transactions Summit in New York City on December 4, 2024.
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Castle CEO Ken Griffin Severe warnings were issued on the negative impact of President Donald Trump’s aggressive approach to U.S. trade policy.
“From my point of view, the exaggerated remarks have done the damage,” Griffin said Tuesday at the UBS Financial Services Conference in Kiscan, Florida. “When you try to bargain, resort to this form.” The rhetoric is a huge mistake because…it flows to the CEO, the policymaker’s mind that we can’t rely on the United States as our trading partner.”
The comments from the founder of the Billionaire Hedge Foundation were published after the order signed by Trump on Monday night 25% tariff on steel and aluminum imports. The President has signed 10% of the duties on all Chinese imports, and 25% tariff suspension Commodities from Mexico and Canada for the time being.
Griffin, who voted for Trump, is the big Megadonor of Republican politician, believes that the hostile momentum caused by punitive tariffs could put long-term investments at risk for multinational corporations and investors.
“This makes it difficult for multinational companies to consider how to plan the next five years, 10, 15, 20 years, especially when it comes to long lead time investments that may be adversely affected by the current downgrade in terms of terms and trade, As a leading Western country’s participation clause,” he said.
Griffin warned earlier Nepotism capitalism may be a consequence tariff. Nepotism is an economic system that marks the close mutual advantage relationship between business leaders and government officials.
