Citadel CEO Ken Griffin Criticizes Trump's 'Nonsensical' Trade Policies at World Economy Summit

April 23, 2025
Citadel CEO Ken Griffin Criticizes Trump's 'Nonsensical' Trade Policies at World Economy Summit
  • The trade war has generated mixed reactions among business leaders, with some optimistic about tariffs benefiting their industries, while others foresee negative consequences.

  • Griffin highlighted that institutional investors are increasingly viewing U.S. Treasury securities as less valuable, despite their traditional safety as a government-backed investment.

  • He urged Trump and other leaders to act thoughtfully to preserve and strengthen America's brand, emphasizing the importance of trust in U.S. Treasurys.

  • At the Semafor World Economy Summit in Washington on April 23, 2025, Ken Griffin, founder and CEO of Citadel, emphasized that the United States represents more than just a nation; it is a brand that embodies cultural, financial, and military strength.

  • Griffin cautioned that the current trade policies and tariff strategies are eroding this brand, warning that the damage could take a lifetime to repair.

  • He expressed concern that President Trump's trade policies could harm the reputation of U.S. Treasurys, which are critical for global financial stability.

  • As of April 2025, the U.S. dollar has fallen to a three-year low, raising fears of a potential recession and contributing to a shrinking economic environment.

  • Griffin noted that the U.S. has effectively become 20% poorer in a month compared to the euro, which could discourage investments in American manufacturing.

  • While acknowledging that Trump has identified real economic issues, Griffin criticized the effectiveness of his methods, arguing they are unlikely to revive American manufacturing.

  • A recent poll revealed that 60% of U.S. adults are highly concerned about rising grocery costs, with many also worried about expenses for major purchases.

  • Griffin warned that the recent volatility in the U.S. stock market, which has lost trillions in value, contradicts Trump's intentions with tariffs and could further harm the economy.

  • Griffin's comments come at a time when many economists are warning of a potential recession related to ongoing trade tensions, underscoring the urgency of addressing these issues.

Summary based on 11 sources


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