Ken Griffin

And on the pro side is clearly the push for deregulation is clearly a message to American, whether it's small business owners or entrepreneurs, that this country wants to see our commercial class succeed.

That's a foreign language to the Biden administration.

I mean, they had no connectivity with American business.

The Trump administration

is very connected in a very different and profound way.

But having said that, the terror policy has had incredibly uneven impacts across the commercial landscape.

I really do feel sorry for the small and medium-sized businesses that are single source in terms of their goods from Asia, who are now seeing tariffs that are at levels that are unimaginable in the context of their business model.

They're really going to be in a world of hurt over the months ahead.

And they're not going to have the flexibility that a large conglomerate will have in being able to re-architect supply chains and navigate around these issues.

So that's an area that's quite painful to watch.

The impact on farmers.

I mean, the Chinese have voted very clearly to buy their food products from other countries.

And it's really hitting the American farming community quite hard.

That's painful to watch play out.

The immigration policies, I must say, I scratched my head over.

We as a nation are facing a birth rate that's below that required to maintain our populations.

So unless the United States actually wants to shrink in size over the next 50 years, we're going to have to permit immigration.

And I would think that our policies would be around trying to encourage the best and brightest from around the world coming to the United States and building careers and building families and building roots in our country.

You know, I've long said every single student in the United States with a STEM degree should get a green card stapled to that diploma and a path to citizenship.

You know, roughly 50% of all the Silicon Valley startups are started by immigrants.