Citadel CEO Griffin: Trump's trade war has become "meaningless," damaging the brand of American assets and making Americans poorer
Citadel CEO Griffin: Trump's trade war has become "meaningless," damaging the brand of American assets and making Americans poorer
Ken Griffin fiercely criticized Trump's tariff policy, believing it is damaging America's reputation.
According to media reports, on Wednesday, Ken Griffin, founder and CEO of hedge fund giant Citadel, stated in an interview at the World Economic Forum that Trump acted too quickly, alienating allies and tarnishing the once "unparalleled" excellent reputation of American assets, including U.S. Treasury bonds, the strength of the dollar, and national credit.
Griffin warned:
“Unfortunately, the trade war has become meaningless, which means we need to take time to think about the supply chain.”
“We are putting our brand at risk. It may take a lifetime to repair the damage that has been done.”
He compared the current situation to Harvard University's experience, arguing that government pressure on this top American institution is akin to “attacking one of America's most outstanding brands.”
Tariffs cannot drive manufacturing back, America has become 20% poorer in a short time
In recent weeks, due to Trump's erratic attitude on tariffs and a momentary suggestion that he might fire the Federal Reserve Chairman (which he later retracted), investors have been selling off U.S. stocks and Treasury bonds, leading to severe market volatility and persistent underlying anxiety.
Griffin expressed strong doubts about Trump's core goal of reviving American manufacturing through tariffs. He believes:
“Let me tell you what won't happen: people will not raise funds to build factories in the U.S. because the volatility of policy actually undermines the goals you are trying to achieve.”
Griffin cited the euro as a reference, sharply pointing out that America has “become 20% poorer in a short time,” and this economic environment will produce no winners.
“When the cake shrinks rapidly, there are no so-called great opportunities; all you can do is barely survive and not be drowned.”
Griffin stated that his “most serious concern” is whether the actions of U.S. officials will “weaken America's position.” He emphasized that maintaining America's international reputation and relationships with allies is crucial in the context of a widespread debt crisis in the Western world.
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