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- Citadel CEO Ken Griffin says President Donald Trump is wrong because the Tariff policy “Reshore” work in China has prepared largely low-valuable items. “There is no money for anyone there, and of course there is no money to do this work,” Griffin said in a forum in New York.
2024 The founder of Citadel securities supported by Donald Trump in the election, Ken Griffin, the president’s tariff policy adopts the issue.
Griffin is torn on Trump’s tariffs for a while appearance Thursday, at the Forbes Iconoclast Summit in New York, as “a great price for the US consumer” describing the tariffs as a “protection policy”. “
The president’s variable tariff policy has resulted in a 30% tariff at the end of Ultraex cheap import from China to the most imported and fast-fashionable labels from China Shein and Temu. This pain for the US consumer does not help an American employee.
“Americans want to dress nike, they want to make them,” said New York University quotes a criticism from the marketing professor Scott Galloway.
“I do not know why we are trying to return low-valued products to the United States,” Griffin continued. “There is no money for anyone and of course there is no money for this work …. Things actually go to jurisdictions down from China.
“Why do we strive to be the people of the lowest expense workforce in the world?”
In fact, according to Griffin, China asks the same question. To perform with Forbes The editor-in-chief of the summit, Ahuja, told Griffin walking In March, China will discuss investing in the country when he met with many government officials.
“China dreams of being like the United States – a nation, rich in high-developed jobs, rich in high-developing, high-developed people … (with) Stunning GDP-i” Griffin “per capita.
“China is eager to be like the United States,” Griffin said the Chinese government official told him. The person said, “” We want to be like you. Why are you trying to be like us? “Due to the Griffin” in the “garden” and “gave a” addictive look. “
Groffin said he supported jobs, but high-tech, high-valued products.
“It’s something to make nikes, the F-35 is another to make fighters,” he said.
This story was first displayed Fortune.com
