Overview

• Ken Griffin, Citadel CEO, expressed concerns that President Trump's trade policies are eroding global confidence in the U.S. brand and threatening the creditworthiness of U.S. Treasuries.
• Griffin highlighted the recent market instability, including the largest weekly jump in Treasury yields since 2001, as a direct result of tariff measures.
• The billionaire described the trade war as having devolved into a 'nonsensical place,' deterring manufacturing investment and undermining long-term business growth.
• While critical of the administration's policy volatility, Griffin praised its swift action on immigration, cost-cutting measures, and efforts to push European allies to contribute more to defense.
• Griffin warned that restoring global trust in the U.S. brand could take years, emphasizing the need for more consistent and thoughtful policymaking.