Ken Griffin has warned Donald Trump’s plan to raise tariffs would put the US “on a slippery slope to crony capitalism” and offered other harsh critiques of the incoming president’s agenda, in surprisingly sharp criticism from a major Republican donor.
The billionaire founder of hedge fund Citadel also signalled on Thursday that he would be “open to the possibility of selling a minority stake” in his firm for the first time.
In an interview at the Economic Club of New York, Griffin said he was “gravely concerned” that Trump’s plan to impose tariffs and curtail immigration would impose huge inflationary pressure on the US economy.
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