GOP megadonor Ken Griffin warns of terrifying Trump tariffs, says government is playing favorites. US faces $140B trade deficit. Hedge fund billionaire criticizes escalating trade war, worries about crony capitalism.

Citadel founder Ken Griffin is expressing concern over President Donald Trump's tariff policies and their impact on the economy. Griffin warns that these policies have led to a rise in crony capitalism, where the government chooses winners and losers in the economy. Speaking at the Milken Institute's Global Conference, Griffin stated, "Tariffs open the doors to crony capitalism," adding that he is alarmed by how quickly this trend is unfolding. This criticism reflects a broader sentiment among Wall Street executives who fear that the ongoing trade war could hinder economic growth, despite the administration's assurances of prosperity. The U.S. is currently facing a significant $140 billion trade deficit in March, further raising worries. Griffin, a prominent GOP donor, has raised particular concerns about the situation.