Ken Griffin says Trump's 'bombastic' trade rhetoric is a mistake that's eroding trust in the U.S.
2025-02-12 11:19:57 source：CNBC
February 11, 2025
Citadel CEO Ken Griffin sent a stern warning against the negative impact from President Donald Trump's combative approach to U.S. trade policy.
"From my vantage point, the bombastic rhetoric, the damage has already been done," Griffin said Tuesday at the UBS Financial Services Conference in Key Biscayne, Florida. "It's a huge mistake to resort to this form of rhetoric when you're trying to drive a bargain because ... it tears into the minds of CEOs, policymakers that we can't depend upon America, as our trading partner."
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 imports. The president has already enacted a 10% duty on all Chinese imports, while pausing his 25% tariffs on goods from Mexico and Canada temporarily.
Read more:
https://www.cnbc.com/2025/02/11/ken-griffin-says-trumps-bombastic-trade-rhetoric-is-a-mistake-thats-eroding-trust-in-the-us.html