Ken Griffin says Trump’s “bombastic” trade rhetoric is a mistake that disrupts trust in the USA

Citadela CEO Ken Griffin sent a strict warning to the negative impact of the President Donald TrumpFighting access to American trade policy.

“From my scales, a bombastic rhetoric, the damage has already been done,” Griffin said on Tuesday at a Key Biscayne’s Key Biscayne financial services conference. “It is a huge mistake to resort to this forms of rhetoric when trying to drive a bargain, because … it falls into the heads of executive directors, creators of politics that we cannot depend on America, as our shopping partner.”

The comments of the founder of the Hedge Fund founder of the billionaire followed after Trump signed a command on Monday night that could Imposes 25% of steel imports and aluminum imports. The President has already made 10% of duties on all Chinese imports while stopping your 25% tariffs O slave from Mexico and Canada temporarily.

Griffin, who voted for Trump and was a megadonor Republican politicians, believes that the hostile dynamics caused by criminal tariffs could have long -term investment challenging for multinational companies and investors.

“Particularly complicated by multinational companies, especially to think about how to plan for the next five, 10, 15, 20 years, especially when it comes to long -term capital investments that could adversely influence the degradation of current conditions of engagement as among the leading Western countries when it comes to conditions And the store, “he said.

Griffin warned that previously Chronic capitalism could be a consequence tariff. Crony capitalism is a economic system marked by narrow, favorable relationships between business leaders and government officials.

The White House did not immediately respond to the commentary request.