US President Donald Trump is moving too fast, alienating allies, making Americans poorer, and tarnishing the sterling reputation of US assets, Citadel CEO and founder Ken Griffin said Wednesday.
Though the president may have identified real problems, his methods to solve them don’t appear to be working, and are unlikely to revive American manufacturing, Griffin told Semafor’s Gina Chon at the World Economy Summit in Washington, DC.
Previously, Griffin said, “no brand compared” to US Treasurys, the strength of the US dollar, or the nation’s creditworthiness. But Trump’s tactics have “eroded” that reputation.
“We put that brand at risk,” the billionaire hedge fund manager said. “It can be a lifetime to repair the damage that has been done.”
Investors have dumped US stocks and Treasurys in recent weeks in response to Trump’s on-again, off-again tariffs on imports to the US. While most countries have been granted a 90-day reprieve, Trump has increased duties on China and suggested he might fire Jerome Powell, the respected governor of the US Federal Reserve. (Trump walked back those comments, saying he has no plans to remove Powell.)
Using the euro as a reference, the US “has become 20% poorer in four weeks,” Griffin said, an environment that produces no winners or bright spots.
“There’s no great opportunity when the pie is rapidly shrinking,” Griffin said. “All you’re trying to do is tread water and not drown.”
>“The major problem, one of the major problems, for there are several, with governing people is that of who you get to do it. Or, rather of who manages to get people to let them do it to them. To summarize: it is a well known and much lamented fact that those people who most want to rule people are, ipso facto, those least suited to do it. To summarize the summary: anyone who is capable of getting themselves made president should on no account be allowed to do the job. To summarize the summary of the summary: people are a problem.“
-Douglas Adams, The Hitch-Hikers Guide to the Galaxy
MentalTourniquet on
Not „eroding“, destroyed.
Duane_ on
Twenty fucking percent? Woof, dude. That’s actually a pretty big chunk.
I’m sure people are gonna be pissed once they realize where it went.
jpmondx on
Yikes, this is a GOP donor. What were you thinking? Enjoy the change you paid for . . .
Born-Cod4210 on
citadel is saying that? ouch!!!!
EnvironmentalEye4537 on
Lmfao Griffin is a Trump voter. Proudly. Get fucked.
e_hota on
Damaging the country isn’t impeachable, eh?
Stickfygure on
Didn’t he donate to the Doritos campaign?
Snipshow777 on
Ken Griffin is a financial terrorist. But he’s correct lol.
Allaplgy on
More like caused a landslide. Into a sinkhole.
StoppableHulk on
Gee if only literally any fucking person on Earth could have forseen the consequences of electing a pants-shitting fucking idiot for the top job in the nation.
All these fucking nimrod billionaires who helped him get this far, *you’re* the ones eroding the brand. Because you just keep fucking everything up. We had a good thing going, and because these people are insatiably greedy and deeply mentally ill, they’re fucking it all up.
Tax these useless parasites out of existence.
MakalakaPeaka on
Eroding?
No.
FLUSHING IT DOWN THE TOILET.
StrictNewspaper6674 on
Given how many monied interests have a ton to lose now they should do what they’re so good at doing — bankrolling candidates who support their interests (aka against the 🍊)
popdivtweet on
Lol nobody sees the U.S. as as example to follow let alone a leader in anything but bad news and fumbled policies. Brand? It crashed some time ago man. I wonder what color is the sky in these ppl’s fantasy world?
baconslim on
USA can line up with the 23 other countries wanting to join BRICS then they can really be china’s bitch.
Trump
Make Americas Enemies Great Again.
turb0_encapsulator on
So he’s admitting that his political meddling has made everyone in the country poorer.
Ken Griffin should be forced to liquidate all his assets and have that money redistributed to everyone’s 401Ks.
ComprehensiveWin2841 on
What?! He has never done that before.. unless you count his bankruptcies.. or his university… or those stakes… or the airline.. he should have his picture in the dictionary under failing upward
PlsSuckMyToes on
Remember it has only been 3 months
Hungry_Complaint_945 on
This isn’t just about „brand,“ it’s about real-world economic consequences. 20% poorer? That’s a massive hit to working families.
BarracudaBig7010 on
That’s what you paid for, Kenny boy. Enjoy.
Harbinger2001 on
Turns out the “Luxury Brand USA” was actually made in China for $0.75.
CJDistasio on
Putin liked that
GnettingGnarly on
Perfect example of r/leopardsatemyface…..Ken Griffin is a GOP megadonor, white collar criminal and Trump supporter….but yet here we are.
Drone30389 on
What’s stupid is the markets rebounding yesterday afternoon and today. „The arsonist took a break from pouring gas on the fire he started so let’s celebrate!“ but the fire is still burning and much of the neighborhood has already burned down and the arsonist still has lots of gas and no other strategy besides burning things down and complainng about the heat.
Hercules1579 on
Oh, now this is rich — literally. When Ken Griffin, the mega-billionaire behind Citadel — the same Citadel that treats retail investors like chew toys — steps up and says Trump made the country 20% poorer and is eroding the U.S. brand, you know it’s bad.
This is like the villain in a movie pausing mid-monologue to go, “Wait, this guy’s nuts.” Ken Griffin, who could probably buy a small planet and was out here trying to scoop up the Miami Dolphins like it’s a casual Zillow search, is telling us Trump is tanking the country’s value like it’s a meme stock gone wrong. And he would know — because Citadel specializes in chaos.
Let’s be real. Citadel is basically the dark web of Wall Street in broad daylight. Market manipulation? Check. Conflicts of interest? All day. Payment for order flow? Oh, they practically invented that scam. Retail investors get bodied while Citadel’s front-running trades, shaving pennies off your every move, flipping them into yachts and art auctions. And they’ve paid fines. Big ones. SEC violations like it’s an annual subscription. Yet they keep raking it in, laughing from the top of the algorithm tower.
So when that guy — the one who turned the 2021 GameStop drama into a hedge fund Super Bowl — says Trump is breaking the economy, it’s like hearing Gordon Ramsay walk out of a kitchen and say, “This place is unsavable.”
Trump has been out here torching the American brand like it’s a failed steakhouse. He’s alienated allies, sabotaged supply chains, turned tariffs into political tantrums, and reduced global trust to zero. He didn’t just make America 20% poorer in GDP — he made us 80% dumber in global reputation. No one wants to partner with the country being run like a Truth Social comment thread.
And the irony? This entire mess was built for people like Ken Griffin. The tax cuts, deregulation, the looting of government for the rich — all tailor-made for billionaires. But even Ken is looking around like, “Nah, this is too corrupt. Y’all wildin’.”
So when the guy who games the system to this degree publicly says “Trump is the problem,” it’s not a wake-up call. It’s a damn siren. Because if Citadel thinks the economy is being driven into a ditch, then the rest of us are already in the trunk, wondering why it got dark so fast.
LifeUuuuhFindsAWay on
20% poorer SO FAR…
GreenleafMentor on
20% down in 100 days. Amazing.
andyjustice on
I think it’s more like 30%. And that’s if you don’t factor in the last term
Straight-Ad6926 on
Maybe Ken Griffin just realized his Citadel hedge fund isn’t the only thing that’s tanking.
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US President Donald Trump is moving too fast, alienating allies, making Americans poorer, and tarnishing the sterling reputation of US assets, Citadel CEO and founder Ken Griffin said Wednesday.
Though the president may have identified real problems, his methods to solve them don’t appear to be working, and are unlikely to revive American manufacturing, Griffin told Semafor’s Gina Chon at the World Economy Summit in Washington, DC.
Previously, Griffin said, “no brand compared” to US Treasurys, the strength of the US dollar, or the nation’s creditworthiness. But Trump’s tactics have “eroded” that reputation.
“We put that brand at risk,” the billionaire hedge fund manager said. “It can be a lifetime to repair the damage that has been done.”
Investors have dumped US stocks and Treasurys in recent weeks in response to Trump’s on-again, off-again tariffs on imports to the US. While most countries have been granted a 90-day reprieve, Trump has increased duties on China and suggested he might fire Jerome Powell, the respected governor of the US Federal Reserve. (Trump walked back those comments, saying he has no plans to remove Powell.)
Using the euro as a reference, the US “has become 20% poorer in four weeks,” Griffin said, an environment that produces no winners or bright spots.
“There’s no great opportunity when the pie is rapidly shrinking,” Griffin said. “All you’re trying to do is tread water and not drown.”
[Read the full story here.](https://www.semafor.com/article/04/23/2025/citadel-ceo-ken-griffin-trump-is-eroding-us-brand-and-making-the-country-poorer?utm_campaign=semaforreddit)
>“The major problem, one of the major problems, for there are several, with governing people is that of who you get to do it. Or, rather of who manages to get people to let them do it to them. To summarize: it is a well known and much lamented fact that those people who most want to rule people are, ipso facto, those least suited to do it. To summarize the summary: anyone who is capable of getting themselves made president should on no account be allowed to do the job. To summarize the summary of the summary: people are a problem.“
-Douglas Adams, The Hitch-Hikers Guide to the Galaxy
Not „eroding“, destroyed.
Twenty fucking percent? Woof, dude. That’s actually a pretty big chunk.
I’m sure people are gonna be pissed once they realize where it went.
Yikes, this is a GOP donor. What were you thinking? Enjoy the change you paid for . . .
citadel is saying that? ouch!!!!
Lmfao Griffin is a Trump voter. Proudly. Get fucked.
Damaging the country isn’t impeachable, eh?
Didn’t he donate to the Doritos campaign?
Ken Griffin is a financial terrorist. But he’s correct lol.
More like caused a landslide. Into a sinkhole.
Gee if only literally any fucking person on Earth could have forseen the consequences of electing a pants-shitting fucking idiot for the top job in the nation.
All these fucking nimrod billionaires who helped him get this far, *you’re* the ones eroding the brand. Because you just keep fucking everything up. We had a good thing going, and because these people are insatiably greedy and deeply mentally ill, they’re fucking it all up.
Tax these useless parasites out of existence.
Eroding?
No.
FLUSHING IT DOWN THE TOILET.
Given how many monied interests have a ton to lose now they should do what they’re so good at doing — bankrolling candidates who support their interests (aka against the 🍊)
Lol nobody sees the U.S. as as example to follow let alone a leader in anything but bad news and fumbled policies. Brand? It crashed some time ago man. I wonder what color is the sky in these ppl’s fantasy world?
USA can line up with the 23 other countries wanting to join BRICS then they can really be china’s bitch.
Trump
Make Americas Enemies Great Again.
So he’s admitting that his political meddling has made everyone in the country poorer.
Ken Griffin should be forced to liquidate all his assets and have that money redistributed to everyone’s 401Ks.
What?! He has never done that before.. unless you count his bankruptcies.. or his university… or those stakes… or the airline.. he should have his picture in the dictionary under failing upward
Remember it has only been 3 months
This isn’t just about „brand,“ it’s about real-world economic consequences. 20% poorer? That’s a massive hit to working families.
That’s what you paid for, Kenny boy. Enjoy.
Turns out the “Luxury Brand USA” was actually made in China for $0.75.
Putin liked that
Perfect example of r/leopardsatemyface…..Ken Griffin is a GOP megadonor, white collar criminal and Trump supporter….but yet here we are.
What’s stupid is the markets rebounding yesterday afternoon and today. „The arsonist took a break from pouring gas on the fire he started so let’s celebrate!“ but the fire is still burning and much of the neighborhood has already burned down and the arsonist still has lots of gas and no other strategy besides burning things down and complainng about the heat.
Oh, now this is rich — literally. When Ken Griffin, the mega-billionaire behind Citadel — the same Citadel that treats retail investors like chew toys — steps up and says Trump made the country 20% poorer and is eroding the U.S. brand, you know it’s bad.
This is like the villain in a movie pausing mid-monologue to go, “Wait, this guy’s nuts.” Ken Griffin, who could probably buy a small planet and was out here trying to scoop up the Miami Dolphins like it’s a casual Zillow search, is telling us Trump is tanking the country’s value like it’s a meme stock gone wrong. And he would know — because Citadel specializes in chaos.
Let’s be real. Citadel is basically the dark web of Wall Street in broad daylight. Market manipulation? Check. Conflicts of interest? All day. Payment for order flow? Oh, they practically invented that scam. Retail investors get bodied while Citadel’s front-running trades, shaving pennies off your every move, flipping them into yachts and art auctions. And they’ve paid fines. Big ones. SEC violations like it’s an annual subscription. Yet they keep raking it in, laughing from the top of the algorithm tower.
So when that guy — the one who turned the 2021 GameStop drama into a hedge fund Super Bowl — says Trump is breaking the economy, it’s like hearing Gordon Ramsay walk out of a kitchen and say, “This place is unsavable.”
Trump has been out here torching the American brand like it’s a failed steakhouse. He’s alienated allies, sabotaged supply chains, turned tariffs into political tantrums, and reduced global trust to zero. He didn’t just make America 20% poorer in GDP — he made us 80% dumber in global reputation. No one wants to partner with the country being run like a Truth Social comment thread.
And the irony? This entire mess was built for people like Ken Griffin. The tax cuts, deregulation, the looting of government for the rich — all tailor-made for billionaires. But even Ken is looking around like, “Nah, this is too corrupt. Y’all wildin’.”
So when the guy who games the system to this degree publicly says “Trump is the problem,” it’s not a wake-up call. It’s a damn siren. Because if Citadel thinks the economy is being driven into a ditch, then the rest of us are already in the trunk, wondering why it got dark so fast.
20% poorer SO FAR…
20% down in 100 days. Amazing.
I think it’s more like 30%. And that’s if you don’t factor in the last term
Maybe Ken Griffin just realized his Citadel hedge fund isn’t the only thing that’s tanking.