Ken Griffin, the founder and CEO of Citadel, didn't hold back his thoughts when discussing the U.S. government's recent moves! 😲
In a candid interview with Bloomberg TV, Griffin highlighted how the high tariffs on low-cost, high-quality Chinese electric vehicles (EVs) 🚗⚡️ and the freeze on new liquefied natural gas (LNG) licenses are, in his words, \"incoherent\" policies that contradict the nation's push for a greener future. 🌱
\"We're aiming for a sustainable future, yet we're making it harder to access affordable green technology,\" Griffin remarked. \"These tariffs not only hinder our progress towards environmental goals but also strain economic relations.\"
Griffin pointed out that Chinese EVs offer competitive prices and quality, which could accelerate the adoption of electric vehicles in the U.S. \"By imposing high tariffs, we're essentially slowing down the EV revolution here at home,\" he said. 🚗💨
As for the LNG licenses, Griffin expressed concern that freezing new issuances could impede energy diversification. \"Diversifying our energy sources is crucial. Restricting LNG doesn't align with our energy needs or environmental objectives,\" he added. 🔌🌍
The Citadel CEO's comments come at a time when the U.S. is grappling with balancing its economic policies with environmental commitments. Griffin's critique suggests that current strategies might be at odds with the overall green agenda. ♻️
What do you think? Do these policies make sense, or are they throwing a wrench in the green machine? 🔧🌿
Reference(s):
Citadel CEO: Tariffs on China highlights Biden's 'incoherent' policies
cgtn.com
