- Citadel CEO Ken Griffin warned the White House against exempting big firms from tariffs, saying it risks “crony capitalism” and unfairly favoring powerful companies. He argued tariffs act as a regressive tax on lower- and middle-income households and cautioned that businesses too closely tied to Trump’s administration could face backlash under future leadership.
Ken Griffin has been something of a critical friend to the White House since President Trump won the Oval Office. Griffin, the CEO of Citadel ($400-billion–plus assets under management), was open about the fact that he voted for Trump in last year’s election and would do what he could to support the administration, but has cautioned the president about certain policies in the months since.
