Billionaire Ken Griffin Criticizes Trump's Tariff Policies as Harmful to U.S. Growth

The Citadel founder warns that increased tariffs and combative trade rhetoric undermine trust in America as a reliable trading partner.

Ken Griffin, founder of Citadel and a prominent GOP donor, expressed strong opposition to President Trump's recent tariff increases during a UBS conference in Florida.
Griffin criticized the administration's 'bombastic rhetoric' on trade, stating it damages long-term trust in the U.S. among global CEOs and policymakers.
Trump's recent actions include a 25% tariff on steel and aluminum imports and a 10% tariff on all Chinese goods, with temporary pauses on tariffs for Mexico and Canada.
Griffin warned that tariffs could push countries like Canada to seek new trade alliances, such as with China, and create uncertainty for multinational companies planning long-term investments.
While supportive of some government efficiency efforts led by Elon Musk, Griffin emphasized the need for policies that promote economic growth and competitiveness rather than protectionism.