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Investing.com -- Citadel founder Ken Griffin recently expressed his gratitude towards Tesla (NASDAQ:TSLA) Inc. CEO Elon Musk for his efforts in reducing government spending, while simultaneously criticizing President Donald Trump’s rhetoric on tariffs. The hedge fund titan’s comments were made during the UBS Financial Services Conference in Florida.
Griffin voiced his concern over Trump’s approach towards tariffs, stating that the "bombastic rhetoric" has already caused damage. He mentioned that resorting to such rhetoric while negotiating could instill doubt in the minds of CEOs and policymakers, making them question America’s reliability as a trading partner.
Moving onto Musk, Griffin praised the Tesla and SpaceX CEO for his determination to succeed. He expressed his heartfelt thanks to Musk for his initiatives in curbing waste in Washington. Musk’s efforts to ensure effective use of tax dollars through the Department of Government Efficiency (DOGE), a department created by Trump, were particularly appreciated by Griffin.
Griffin’s comments highlight the contrasting views he holds towards the actions of these two influential figures. While he criticizes Trump’s approach to trade negotiations, he praises Musk’s efforts to ensure effective use of government funds. These comments were made during the UBS Financial Services Conference, where leaders in the financial industry gather to discuss current issues and trends.
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