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Ken Griffin, the visionary behind Citadel, has voiced his critique of the Trump administration's tariff policy, asserting that it falls short of its aim to repatriate manufacturing jobs to the United States. Griffin emphasized the unstoppable march of factory automation, which has seen numerous traditional manufacturing roles supplanted by machinery. Furthermore, he noted that with the current unemployment rate hovering at a mere 4%, the American labor market has undergone profound transformations. Griffin advocated that the United States should redirect its focus towards high-value sectors, such as intellectual property and content creation. Additionally, he sounded a cautionary note about the detrimental impact of the trade war on international relations and urged the US government to adopt a more sagacious and sustainable strategy.
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