Citadel CEO Ken Griffin, “Watching is terrible” says the tariffs open doors for crop capitalism

• Hedging Foundation Titan The tariffs warned that the tariffs are caused by crop capitalism because they chose the winners and losers. Cin Griffin’ın Speaking at the Global Conference of the Milken Institute explained Policy Freedoms of the Tariffs of the Trump Administration signed the United States “already violated a period of a period”.

Citadel founder and CEO Ken Griffin, the alarm sounded on the tariffs, said they used the “cycle of cripping capitalism”.

Speaking at the edges of the global conference of the Dairy Institute, he tell Policy It takes place faster than the turn waiting on Thursday.

“Tariffs do not open the doors of crop. The government begins to choose victorious and losers,” Griffin said. “I thought it would be played over the years. This game is terrible to watch throughout weeks.”

He added that the issuance of tariff freedoms for the products and industries of the Trump Administration said that we are very clear that we are very clear – crooking capitalism has created a period of a period.

This is a dartmouth college economist Douglas Irwin Echoes echoes, which is a warning of Trump, especially so-called reciprocetsfilled the swamp, drying“The lobby pressures would be great for potential millions of freedom to individual degrees.

Last month after applying 145% tariff in China, the management gave the days later relieved from extensive categories of basic technological importsLike smartphones, chips and other electronics.

After announcing a framework for a trade agreement with the United Kingdom, which lowered tariffs for the US car industry in British cars Better treatment for issuing UK cars.

“This is an American cars, suppliers and auto workers. gossip Matt sharp, President of the American Automobile Policy Council.

Griffin also said Policy For the second term of Trump, the initial high expectations in the commercial war, the dollar emerges and lower spending power will be clear in the coming weeks.

Again, Trump hopes to succeed, celebrates a delicate line between constructive criticism and “only toxic.”

The White House did not respond immediately FortuneRequired for comments. But one spokesman said Policy “President Trump’s first-day beneficiaries, tax reduction and regulation of the Tariffs are American employees. President Trump has given the game area and tax relief and gave a historical average salary and business growth.”

During that period of time Disclosures to the audience of the milk conference Thursday, Griffin tariffs evaluated as a regressive tax policy that will increase the value of the goods, and “contradicting the promise of the word to America,” to improve their living standards.

New production work in the United States shows that how much tariffs can create new production work, and the fact that American workers have become a post-industry stage, regardless of the economy dominance in agriculture only a century ago.

Griffin plans to point to 3% of the annual budget policy of management’s annual budget policy to 3% of GDP to 3%, consulting taxes and payments.

The regulatory wave stood under the Trump and is “Godsend” and “Godsend is not clear from Griffin, because the food chain is needed to keep the welfare.

“So I’m not sure that we can return the weight of regulation,” he said. “But the Biden Administration’s administration’s settlement set is incredibly strong for American entrepreneurship only.”

This story was first displayed Fortune.com

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