Trump’s Trump Risk -Risk -American Risk War warns Elliott’s coverage fund

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Donald Trump’s trade risks lead to the Capital Flight of the United States, as unpredictable President’s tariff policies cause “enormous” damage, he has warned the Elliott Management coverage fund.

The activist firm, founded and co-led by Republican Megadonor Paul Singer, said in a letter to the investors seen by the financial times that the Trump administration’s economic program could tarnish the attractiveness of the dollar and to do business in the United States.

Elliott said that the risk of “capital flight” and an “important” value of currency and north -American goods, Elliott said in a section of the late April letter entitled “Bonfire of the North -American Era?”

Elliott refused to comment.

The warning occurs after Trump’s rate triggered weeks of turbulence in financial markets and marks the latest criticism of the white house of $ 73 million coverage fund in harassment feed a speculative mania.

It rates Elliott wrote a la carte, which he wrote a la carte, wrote in the letter that he was “ stronger than the one who aggravated the Great Depression in the 1930’s, ” Elliott a la carte wrote, which was sent to the investors after Trump announced a 90 -day pause on his’ reciprocal ” tariffs in the United States last month, but before China’s commerce fed more in China’s recovery in China. Markets.

“These rates will generate a long and complicated process of negotiation, retaliation and uncertainty for companies around the world” that could cause “enormous” damage, added the firm.

Singer has been a significant donor of Republicans in recent years, giving $ 56 million to party candidates in the last election cycle, according to the OpenSecrets website.

A small group of Wall Street spoken Against Trump’s economic policies. Citadel’s founder, Ken Griffin, another major republican donor, said last year that President’s tariff plans would put the United States “on a slippery side of chronicler capitalism.” Bill Ackman, Trump’s supporter in the 2024 presidential campaign, described the rates as a “An important policy error”While the billionaire investor Stanley Druckenmiller has said that it does not support the rates greater than 10 percent.

Ellott He also said in the letter that the sale that followed the Trump’s “Liberation Day” fare ads caused “large -scale capital destruction”.

The S&P 500 index was reduced to 15 percent by 2025 in early April, but since then it has recovered all of these losses as commercial tensions increased.

However, Elliott said that the episode emphasized the “briteity” of a “massive values ​​market”.

The coverage fund increased by around 2.5 percent in the first quarter of the year, according to the figures of the letter. The crisis that caused the rates could create more opportunities for activist investment, as market stress “exposes weakness to companies that need it, of course, the firm added.