Citadel's Ken Griffin says Trump's tariffs could lead to crony capitalism

Citadel CEO Ken Griffin warned against President-elect Donald Trump’s proposed steep tariffs, citing concerns about crony capitalism. Griffin expressed worries that short-term benefits for domestic companies could lead to long-term harm to corporate America and the economy. Trump’s protectionist trade policy could result in increased production costs, higher consumer prices, and a rise in special interest groups lobbying for higher tariffs, according to Griffin.

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