Hedge fund giant Ken Griffin: "Very anxious" about Trump's tariff policy
Strict immigration restrictions may impact the labor market, stimulate wage growth, and tariffs may also raise import prices
Hedge fund giant Ken Griffin expressed his anxiety over Trump's potential tariff policies, but as he returns to the White House, the U.S. economy is returning to "business as usual."
The Citadel founder spoke at the Oxford Union in the UK on Monday, stating that tariffs are a "long slippery slope" that can be profitable in the short term but will harm the global competitiveness of U.S. companies in the long run.
Griffin stated that American businesses will "return" to creating jobs, developing businesses, and the economy over the next four years, rather than "dealing with excessive regulation."
Source: Bloomberg.
Additionally, the Trump administration's top priority is inflation, but strict immigration restrictions could impact the labor market, stimulate wage growth, and tariffs could also raise import prices.
