- Commentary from major financial figures like Ken Griffin.
- Griffin views tariffs as ineffective for job recovery.
- Investors show uncertainty, suggesting economic instability.
Ken Griffin criticized President Trump’s tariff approach during an April event at Stanford University, arguing these policies won’t revive U.S. manufacturing jobs.
The critique reflects broad skepticism about tariff efficacy, affecting investor confidence and highlighting existing automation trends.
Ken Griffin’s Analysis
Ken Griffin, founder and CEO of Citadel, recently spoke at Stanford University, identifying automation and globalization as critical challenges for U.S. manufacturing rather than tariffs. His comments add insight to the ongoing economic policy debate.
Griffin challenges the effectiveness of President Trump’s tariff strategies, arguing they won’t offset automation and structural labor market changes. According to Griffin:
“These jobs are not coming back to America…and to be clear, with tariffs or not, the trend is automation and globalization.”— Fortune
Following the tariff announcement, U.S. equities and Treasuries saw selloffs, indicating investor hesitation. Griffin warns of economic brand tarnishing, citing rising costs and investor unrest.
Despite the focus on traditional markets, there is no significant impact on major crypto assets from these policies. Financial experts note similar past events have had muted effects on crypto when not tied to larger market sentiments.
| Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions. |
