Joe.My.God. LGBT News
Bloomberg News reports:
Hedge-fund titan Ken Griffin said he’s anxious about Donald Trump’s potential tariff policies, but that the US economy is going back to “the business of business” now that he’s returning to the White House.
Speaking at the Oxford Union in the UK on Monday, the Citadel founder called tariffs — a central tenet of Trump’s economic agenda — a “long, slippery slope” that can be profitable in the short run but damaging to US companies’ ability to compete globally in the long run.
“I am very anxious about the president’s willingness to engage in tariffs as a matter of trade policy,” Griffin said. Rather than having to “deal with regulatory overreach,” US businesses will “return” to creating jobs and growing their businesses and the economy over the next four years, Griffin said.
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Griffin donated at least $75 million to right wing and pro-Trump PACs in 2024. But back in 2022, he called Trump a “three-time loser” and urged him not to run again.
Griffin is worth nearly $50 billion. In one week in 2019, he spent $362 million on two new homes, including a $238 million Manhattan penthouse, which at the time was most ever paid for a US home.
Hedge-fund titan Ken Griffin said he’s anxious about Donald Trump’s potential tariff policies, but that the US economy is going back to “the business of business” now that the president-elect has won the US election. https://t.co/5QZV4Qz7FD
— Bloomberg Politics (@bpolitics) November 18, 2024