Trump tariffs risk turning American businesses into corporate welfare recipients, warns Citadel's Ken Griffin
Briefly

Tariffs create a false sense of security for U.S. companies, allowing them to become complacent and rely on lobbying rather than innovation for survival.
Removing competition impedes market correction, leaving companies reliant on tariffs and fostering crony capitalism that undermines long-term economic growth.
The impact of tariffs extends beyond prices; it fundamentally alters managerial incentives and risks, which can threaten American productivity and innovation.
Without competition, businesses may become reliant on state support, losing the incentive to innovate and develop new products that drive economic growth.
Read at Fortune
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