US growth is likely to slow in the second half of the year as tariffs, tighter immigration laws and government cost-cutting efforts led by Elon Musk weigh on the economy, billionaire Steve Cohen said.

Steve Cohen, CEO of Point72 Asset Management, said he is “pretty negative” on the U.S. economy due to a likely slowing of growth in the second half of the year, tighter immigration policies, and DOGE.