Ken Griffin Slams Trump's 'Anti-American' And 'Nauseating' Tariff Policy: 'There’s Only One Way This Game Ends' - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR S&P 500 (ARCA:SPY)

Core Viewpoint - Ken Griffin, CEO of Citadel LLC, has publicly criticized President Trump's tariff policy, labeling it as "anti-American" and favoring "the big and the connected" [1][2]. Group 1: Criticism of Tariff Policy - Griffin expressed that the line of businesses seeking tariff exemptions is "nauseating," highlighting concerns over crony capitalism and fairness in economic policies [2]. - He warned that government intervention in selecting economic winners and losers ultimately leads to negative outcomes for all [3]. - Griffin cautioned companies against relying on favors from the current administration, suggesting that this could backfire with a change in leadership [3]. Group 2: Economic Impact of Tariffs - Senator Elizabeth Warren and economists have attributed rising goods prices in the U.S. to Trump's trade and tariff policies, with 72% of CPI components exceeding the Federal Reserve's inflation target [6]. - Despite the criticism, Trump's tariffs have generated nearly $350 billion in revenue, raising significant discussions about their impact on the U.S. economy and trade policy [6]. Group 3: Historical Context of Griffin's Criticism - This is not the first instance of Griffin criticizing Trump's economic policies; he has previously expressed concerns about Trump's influence on the Federal Reserve and the potential risks involved [4]. - Earlier in the year, Griffin also warned that the administration's tax cuts and focus on low-wage manufacturing could lead to stagflation [5].