Ken Griffin, a GOP donor, said the US has become 20% more difficult in four weeks due to the latest tariff hike with global trade partners. It made the US dollar insignificant compared to the euro.
The dollar proposal has lost more than 9% of its value since the beginning of the year. Griffin said the negative amount of money was due to changes in economic policy.
.@Ginachon: Is there a space where you see the room for optimism or opportunities?
Ken Griffin: "If you use Euro as a reference currency, [the US has] be 20% difficult in four weeks. There is not a lot of money to make in that environment." #Worldeconomysummit pic.twitter.com/newqeadcta
– SEMAFOR (@semafor) April 23, 2025
He too Says That the latest attack of the President's Federal Reserve Chair Jerome Powell recorded the country's beautiful name. Trump has been pushing Powell since he started the tariff war to cut the rates.
Griffin said, “We put that brand at risk […] It can be a life to repair the damage that has been done. “ The head of the fence funds agreed with the economists and leaders of the world who said new tariffs would not help anyone.
For example, the IMF lowered its projection for the Global Gross Domestic Product (GDP) growth by 2.8% in 2025, down from an assessment of 3.3% in January. At the same time, it expects US growth to be 1.8% instead of 2.7% as predicted.
Griffin says investors will not build factories in the US
The long GOP donor does not agree with Trump's theory that foreign manufacturers are breeding to build new factories within the US. This idea caused Trump to use tariffs on large manufacturing countries such as China. He said:
“I will tell you what will not happen is, not to raise people [money] to develop manufacturing in America […] Because of the volatility of the policy, you are really breaking down the goal you are trying to achieve. “
Although Musk It is announced that he has privately advised President Trump to lower the tariffs, saying he believed that eventually would be better for the economy. But he admitted that the decision depends on the White House.
In addition to Tim cookIt is explained that he prefers China for apple manufacturing not because of cheap prices but because the US has many experts like China.
He said, “You know, in the US you can have a meeting of tooling engineers, and I'm not sure we can fill in the room. In China you can fill a lot of football fields.” He added that their expertise is also very deep.
Griffin says the US has lost its oldest allies
Trump's plan earlier this year to put 10% tax on almost all foreign goods and higher “reward” taxes in many countries had an impact on both US friends and enemies.
Griffin said excessive taxes, such as a 25% tariff in Canada and Mexico, could cause the country to lose some of its oldest friends. “How does Canada feel about our country today compared to two months ago? How does Europe feel about the United States today compared to two months ago?” Griffin asked.
France is the oldest ally of the United States. Their long -term connection is significant because it is important for the US in its early years, including its fight for freedom. Both countries work together and develop strategic partnerships around the world. After all, France has not been saved.
Meanwhile, China, a US enemy, is working on expanding trade in Southeast Asia, Latin America, and Africa. It tries to break itself in the US.
China is also competing in the US. Some examples are Deepseek, which is now a strong competitor to Chatgpt, and Byd, who defeated Tesla last year to become the largest manufacturer of electric vehicles. Other companies such as Huawei and Vivo have removed an integral part of the Apple market.
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