BEVERLY HILLS — President Donald Trump is promising that his economic agenda will empower American consumers and unlock growth. One of the GOP’s biggest voices is warning that it’s an insider’s game.
“Tariffs open the doors to crony capitalism. The government starts to pick winners and losers,” Citadel founder Ken Griffin told POLITICO at the Beverly Hilton during the Milken Institute’s Global Conference. “I thought that would play out over the course of years. It’s terrifying to watch this play out over the course of weeks.”
The administration’s sporadic exemptions of certain products and industries make it “very clear that we have roughly already — regretfully — unleashed an era of crony capitalism,” he added.
