Citadel CEO Ken Griffin says 'it's terrifying to watch' as tariffs open doors to crony capitalism

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• The hedge fund titan warned that tariffs lead to crony capitalism as the government picks winners and losers. Speaking on the sidelines of the Milken Institute's Global Conference, Ken Griffin told Politico the Trump administration's tariff exemptions signal that the U.S. has "already—regretfully—unleashed an era of crony capitalism."

Citadel founder and CEO Ken Griffin sounded the alarm on tariffs, saying they are already ushering in an "era of crony capitalism."