Ken Griffin, founder and CEO of Citadel, has expressed concerns over the U.S. government’s recent decision to impose high tariffs on electric vehicles imported from the Chinese mainland. In an interview with Bloomberg TV, Griffin stated that these tariffs contradict the country’s efforts to promote a green agenda.
“By imposing high tariffs on low-cost, high-quality electric vehicles from the Chinese mainland, we are undermining our commitment to environmental sustainability,” Griffin said. He also pointed out that freezing the issuance of new liquefied natural gas licenses further hinders progress toward cleaner energy solutions.
Griffin’s comments highlight a tension between trade policies and environmental objectives. The tariffs could potentially slow the adoption of electric vehicles in the United States by limiting access to more affordable options from overseas.
The Citadel CEO’s remarks come at a time when the global community is increasingly focusing on reducing carbon emissions and transitioning to renewable energy sources. By impeding the import of efficient electric vehicles, the U.S. may be delaying its progress toward these critical environmental goals.
Griffin urged policymakers to reconsider the tariffs and align economic policies with environmental priorities. “We need coherent strategies that support both our economic interests and our commitment to the planet,” he added.
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Citadel CEO: Tariffs on China highlights Biden's 'incoherent' policies
cgtn.com
