Ken Griffin, CEO of Citadel Advisors, warned that President-elect Trump's proposed tariffs could lead to crony capitalism, benefiting domestic companies in the short term but harming competitiveness and productivity in the long run. He expressed concern that increased tariffs would invite special interest lobbying and protect inefficient businesses, ultimately raising consumer prices. Griffin also stated that Citadel Securities is not planning to go public soon, focusing instead on growth and the advantages of remaining private during this rapid expansion phase.
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