When President Trump told the world on “Liberation Day” last year that foreigners had “torn apart our once-beautiful American dream,” his plan to restore it promised “jobs and factories will come roaring back into our country.”
Analysts and business moguls were dubious of the “America First” agenda. Coupled with sweeping tariffs on the entire world, many were concerned that nationalism may result in America ending up alone.
Citadel’s Ken Griffin was among those who weren’t sold on the scheme, and 18 months after Trump’s famed Rose Garden address, the billionaire CEO has declared tariffs a “disaster.”
Griffin suggested the plan to reindustrialize the nation to restore the American dream was flawed from the outset. Speaking at the Citadel Securities Future of Global Markets yesterday. Griffin said: “To be blunt, like, I hate to say it, but I’ve been right. It’s been pro-inflation.”
