Ken Griffin calls Trump’s tariffs on US allies 'a disaster' and predicts it will hurt Republicans in the midterms
Source: Business Insider ·
Citadel's Ken Griffin called Trump's tariffs "pro-inflation" and predicts that Republicans would lose at least one chamber in the midterms.
From the source
Citadel CEO Ken Griffin called Trump's tariffs on US allies "a disaster" and said the disputes have been "pro-inflation."Bloomberg/Getty ImagesCitadel CEO Ken Griffin called Trump's tariffs on US allies "a disaster" and "pro-inflation."Griffin predicts Republicans would lose at least one chamber in the midterms.Inflation has erased nearly all average workers' hourly wage gains since Trump returned to office.Ken Griffin sees trouble ahead for Republicans and says Donald Trump’s fights with America’s allies are part of the problem.The Citadel CEO told Bloomberg's Dani Burger on Tuesday at the Future of Global Markets Conference in New York that Trump’s tariffs have fueled inflation and disrupted supply chains as the party heads toward a difficult midterm election.“I think that the tariff battles with Canada, with Europe, with our allies has just been a disaster,” Griffin said. “I talked about this when he first started this in his presidency. To be blunt, I hate to say it, but I've…
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- Finance-aware sentiment: slightly negative (-0.30 on a -1 to +1 scale).
- Event classification: OTHER.
- Market importance score: 30/100, weighting entity relevance, source credibility, multi-outlet coverage and recency.
- Symbols referenced: EU.