Citadel CEO Ken Griffin warned the White House against exempting big firms from tariffs, saying it risks “crony capitalism” and unfairly favoring powerful companies. He argued tariffs act as a regressive tax on lower- and middle-income households and cautioned that businesses too closely tied to Trump’s administration could face backlash under future leadership.

Ken Griffin been something of a critical friend to the White House since President Trump won the Oval Office. Griffin, the CEO of Citadel ($400-plus billion assets under management), was open about the fact he voted for Trump in last year’s elections and would do what he could to support the administration, but has cautioned the president about certain policies in the months since.

This has included warning the White House aga

See Full Page