Ken Griffin, CEO of Citadel, told Bloomberg at the Future of Global Markets Conference in New York that Trump's tariff battles with Canada, Europe and other allies have been a disaster, arguing the tariffs have fueled inflation and disrupted global supply chains. Trump announced an additional 50% tariff on certain Canadian imports on July 20, citing alleged discrimination against US auto, alcohol and dairy exports, and those duties took effect in August. US consumer prices rose 3.7% in September from a year earlier, erasing nearly all of the average worker's hourly wage gains since Trump returned to office. Griffin predicted Republicans would almost certainly lose control of at least one chamber of Congress in the midterms, and called the administration's explanation of the war in Iran poor and its treatment of immigrants disgraceful. He also backed a path for working immigrants to stay in the country.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Ken Griffin of Citadel Calls Trump Tariffs on US Allies a Disaster
Read the original on businessinsider.com ↗
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tariffsinflationKen GriffinDonald Trumpsupply chain
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Related tickers and likely impact
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/20/2026 | 769.05 |
| Change that session | +0.34% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/20/2026 | 717.63 |
| Change that session | -0.10% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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