Griffin attacks Trump's tariff strategy

Ken Griffin, CEO of Citadel, told Bloomberg on Tuesday at the Future of Global Markets Conference in New York that Trump's tariffs have fueled inflation and disrupted supply chains.

“I think that the tariff battles with Canada, with Europe, with our allies has just been a disaster.”

Tariffs have severed global supply chains

Griffin said the tariff disputes have been pro-inflation and have taken supply chains around the world and severed them, despite supporting Republican candidates this election cycle.

“It's been pro-inflation. It has certainly taken supply chains around the world and severed them.”

Trump's unresolved trade disputes

Trump announced an additional fifty percent tariffs on certain imports from Canada on July twenty, citing discrimination against American auto, alcohol and dairy exports. Those duties took effect in August.

Economic pain points mount for Republicans

US consumer prices rose three point seven percent in September from a year earlier. Inflation has erased nearly all of the average worker's hourly wage gains since Trump returned to office.

Griffin predicts Republican losses in midterms

Griffin predicted Republicans would almost certainly lose control of at least one chamber of Congress. He said the House is in a really tough spot and the Senate's going to be really close.

“The House almost is in a really tough spot and the Senate's going to be really close.”