Criticism against Trump's tariffs by Citadel CEO Griffin, warning of inflation risks and market volatility

From CNBC: 2025-05-07 17:31:00

Citadel CEO Ken Griffin criticized President Trump’s tariffs, stating they disproportionately affect working class Americans. Trump imposed high import levies, causing market volatility. Griffin, a Trump supporter, warned of inflation risks and potential stagflation due to tariffs. He urged Trump to focus on economic management for the upcoming midterm elections. Treasury Secretary Bessent outlined Trump’s economic strategy involving trade, tax cuts, and deregulation, with Griffin questioning if it will deliver necessary economic growth.

Read more: Griffin calls tariffs a ‘painfully regressive tax,’ hitting working class the hardest