Ken Griffin on Trump’s economic policy

And I think the biggest issue is no. one's confident what the US tariff. policy is going to be 2 years, four. years, 6 years, 8 years from now. And. before you spend hundreds of millions of. dollars or billions of dollars to build. a manufacturing plant, you really want. to believe that the policy that that is. the anchor of that decision will be. permanent in nature. And because the. United States has had such a long. history of having low or no tariffs, I. think people have a very hard time. believing that the current tariff regime.

is going to persist. That's issue number. one. Personally, I think it's been a. negative. I think that we have seen. we've seen higher inflation due to the. tariffs. We have disrupted long-standing. trading relationships because of the. tariffs. And we've obviously increased. the amount of of cronyism in America as. corporate CEOs have lined up in. Washington trying to argue why their. business should be exempted from tariffs. and many have prevailed. So I think we. we've ended up in a in a pretty.

unfortunate position with with the. tariff policy. But again, president ran. on these policies and he implemented. them. >> How damaging will the immigration policy. be for the economy? I know he ran on it, but how damaging will it be? So, it's. it's a tale of two worlds. First of all, no country's borders should be should be. open to mass immigration that is that is. literally uncontrolled. And if you. looked at the video footage or or. imagery of the southern border of the. United States over the B administration,

it was just chaos. And and the president. to his credit did exactly what should. have been done years ago. He secured the. southern border of the United States of. America. Now, the challenge with that is. that the southern border of the United. States of America was the source of a. tremendous number of people who were. willing to do tough, difficult jobs for. relatively modest wages. Whether it's. picking the crops in California, cleaning dishes and restaurants, helping. to build buildings and houses, these are. people who did a lot of very, very.

difficult work, very modest wages, which. helped to reduce the level of inflation. in the United States. Losing that supply. of labor over the years to come, it's. going to come with it higher prices for. housing, higher prices for foods and. grocery stores. That's a negative. The. the bigger problem for the United States. is we're potentially losing access to. the best and brightest minds from around. the world who have immigrated to America. who have created just a tremendous.

number of jobs in the United States on. the back of their creativity and. ambition. You know, the majority of the. AI startups are run by either immigrants. or the children of immigrants. In fact, most of the Silicon Valley, the majority. of the Silicon Valley is either run by. immigrants or children of immigrants. The immigrant population the United. States has been transformative to our. economy because we are able to bring so. many of the world's best and brightest. to America.