He says Donald Trump’s latest tariffs amount to a hefty tax on middle-class families and are a “huge policy mistake” by the administration.
He is not close with Trump and previously called him a "three-time loser" but donated $1m to his innauguration.
Mr. Griffin downplayed one of the biggest concerns about Trumponomics — that tariffs could dent growth and accelerate inflation. He said it remained unclear whether Mr. Trump’s threats to slap tariffs on Mexico, Canada and China would materialize, adding that the talk of tariffs imposed by the United States was “small ball compared to the role that the world is looking to us for.” He said he didn’t see tariffs as the most important business issue.
Looks like he miscalculated on that one.
Fellow Republican mega-donor Ken Langone also criticized tariffs today in even-stronger words.
This article was written by Adam Button at www.forexlive.com. Read More Details
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