Gop megadonor Ken Griffin Blasts Tariffs and ‘Big Beautiful Bill’ – ryan
Less than Half a Year Since President Donald Trump’s inauguration, Billionaire Ken Griffin was asced During a recent visits to china, “Why are you trying to be like china?”
He had no good anSwer.
The Founder of the $ 66 Billion Hedge End Citadel and Its Sister Company, Market Macker Citadel Securities, Griffin is a megadonor to the Republican Party and Was the American Economy after Trump’s Election.
Now he confused by the administration’s action. He Said there is a logical reasson the US WOULD WANT TO BRING MANUFACTURING “Jobs That Never Pay Much” to the Country, but that SEEMS to be Goal of the Tariff Police by Trump’s Administration.
“IT’S ONE THING TO MAKE NICKES, IT’S ANOTHER THING TO MAKE F-35 Fighters,” He Said Thursday Morning at the Forbes Iconoclast Conference in Manhattan.
Griffin has been critical of the administration’s tariff police in recent months, calling say a mistake that will go hurt the economic and consumers. He Said Thursday that they were an “anti-Growth agenda,” and the expert growth of the US Economy has Been Cut in Half Since Trump Took Office.
He continued his criticism of Trump, who voted for, focus on the Current Tax Bill, who was passing by the House of Representatives and Is the Senate. Griffin Said It Will Add “Several Tillions” of Dollars to the Deficit and Lacks “Tough Decisions.”
“The United States’ Fiscal House is not in Order,” Griffin Said, Questioning the Decision to Cut Taxes on Small and Medium-Sized Businesses when the deficit was rising.
He Said Credit Markets Have Noteed the Uncetainty Wounding the US Thanks to the Administration’s Police, notting that “the risk of a us default is priced the same as italy or Greece.”
“There’s JUST No Words for it,” he said.
If there was any optimism in his talc, it was about the resilience of American CEOS. He Said Hiring and Capital Expenditors Will Slow as Long As there is uncetainty from Washington. Still, he was impressed with how individuals like McMillon, the CEO of Walmart, Explained the impact fees have on the consumer.
“We showed not criticize Ceos for Being Honest,” He Said, Adding, “Shame on the Administration” for Scolding McMillon and Other Ceos for Talking About the Tariffs’ Impact.
There’s the Still Time for Trump and His Team to return to pro-Growth economic police, he said, and there’s no time to Wait.
“The United States Desperately Needs Growth” to pay for entitlements like Social Security, he Said.