🔥Ken Griffin: Tariffs Cannot Save American Manufacturing Jobs
CEO of Citadel - Ken Griffin - has just criticized the Trump administration's tariff policy, arguing that these measures cannot bring manufacturing jobs back to the U.S. as hoped.
😳According to Griffin, the U.S. should focus on competitive advantage areas such as intellectual property and technology, rather than hoping to revive traditional manufacturing sectors that have already been replaced by globalization and automation. He also warns that the trade war is harming the global American brand and driving up both business and consumer costs.
🤔Griffin calls for a new strategy: supporting workers to adapt to change instead of trying to "cling to the past" with tariffs. He emphasizes that the U.S. needs a more nuanced trade approach to maintain its global leadership position in the age of technology and AI.