Ken Griffin Slams Trump for Granting Some Companies Tariff favor

Citadel’s Ceo Said It Was “Anti-American” for President Donald Trump to Give Big Companies Tariff Relief.

Ken Griffin, The Billionaire Ceo and Founder of the Hedge End, Criticized Trump During A Thursday Cnbc Interview.

“Is that our Country, that we’re going to favor the Big and the Connected? That’s the American Story,” Griffin Said to Cnbc.

“Wen the State Becomes Involved in Picking Winners and Loes, there’s Only One Way This Game Ends: All of US Lose,” He Said.

His Comments Come after Trump Said in August That He was 100% Tariff on the Import of Semiconductors, but Companies that promised to invest in the US exempt from it.

In the Same Month, Apple Announeded That It Wauld Invest $ 100 Billion in Its US Facilities, in Addition to the $ 500 Billion It Pedged in February.

Trump Also Allowed American Chip Giants Like Nvidia and AMD to sell some chips to china if they aggregated to grant the US governance a 15% cut of their china revenue.

“The Line Outside the White House of Every Business Arguing Why they Should Be Exempt from Paying Tariffs on what they import into their products is nauseating,” griffin said to cnbc.

Griffin Has Previously Weighed in the Trump Administration’s Economic Police.

In September, Griffin Co-Autored an Opinion Piece for the Wall Street Journal, in Which he criticized Trump’s Attacks on the Federal Reserve’s Independence. Trump has been presiding fed chair jerome Power to Lower interest rate for months.

“Congress has a duty to oversee the fed, and this oversight must be free of the undue interference from the Executive Branch,” Griffin Wrote in the Opinion Piece.

Representatives for Griffin at Citadel Did Not Respond to A Request for Comment from Business Insider.