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Financial mogul Griffin: Trump's tariffs are a tax on the American working class.
GoldenOctober2024
TRUMP-1,23%
On May 8, Jin10 reported that Ken Griffin, founder and CEO of Citadel Investment and a major player in American hedge funds, stated that the American working class will be the first to feel the impact of Trump’s punitive tariffs on trading partners. In an interview on Wednesday, Griffin said, “Tariffs hit the wallets of hard-working Americans the hardest. It’s like a sales tax on Americans. It will hurt those who work hard to make a living. This is a painful regressive tax.” Griffin voted for Trump in last year’s U.S. election and is a major donor to the Republican Party. However, he is now criticizing Trump’s trade policies, claiming they could undermine America’s ‘brand’ and its government bond market.
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