Ken Griffin slammed President Biden’s “disjointed” economic policies, but before deciding whether to financially support a leading Republican candidate, President Donald Trump will choose who his running mate will be. He said he was watching over him.
Griffin, founder and CEO of $63 billion hedge fund Citadel, said the Biden administration’s decision to raise tariffs on Chinese-made electric vehicles to 100%, about four times the previous 25%. criticized.
Tariffs on Chinese-made EVs, which are more affordable than Western models, have effectively shut them out of the U.S. market.
griffin Speaking at the Bloomberg conference in Qatar. On Tuesday, he said the tariffs were “a continuation of the Biden administration’s inconsistent economic policies.”
“Over the past few years, we have seen a series of policies at the same time that this giant company is pushing toward green energy that completely contradicts its stated goal of a zero-carbon world,” Griffin said. says. , a person with net worth Rating by Bloomberg Billionaires Index The total value was announced Tuesday at more than $38 billion.
“Imposing huge tariffs on Chinese EVs, which are low-cost, high-quality and of great value to American consumers, is another part of the disjointed Biden economic strategy.”
Griffin, a major Republican donor, also criticized the Biden administration over energy policy.
In January, the White House announced it was “temporarily suspending” export approvals for liquefied natural gas, which Griffin said is “disconcerting.”
“If we want the world to move toward reducing carbon emissions and move away from coal, access to LNG is a very important part of the equation,” Griffin said.
A White House spokesperson referred the Post to the administration’s previous statement that the suspension applies to countries that do not have free trade agreements with the United States.
Noting that the United States remains the world’s largest exporter of LNG, the White House said, “This announcement will not impact the United States’ ability to continue to supply LNG to our allies in the near term.”
The United States is refusing to permit new facilities for the time being.
Griffin praised Trump on Tuesday, but stopped short of pledging to financially support his campaign.
“He will exude a level of strength that will help stabilize the world during this difficult time,” a Florida-based Republican donor said of the former president.
“You can never be sure about President Trump, and that’s one of the reasons he’s more intimidating to our enemies,” Griffin added.
“We don’t know exactly what the reaction will be.”
Griffin is taking a wait-and-see attitude as to whether he will open his checkbook to support the Trump campaign.
The hedge fund tycoon is reportedly making financial aid contingent on the identity of President Trump’s running mate.
Mr. Griffin and another hedge fund billionaire, Bill Ackman of Pershing Square Capital Management, have joined six other billionaires, including Mr. Trump’s No. 1 candidate, Sen. Tim Scott (R-S.C.). I plan to attend the meeting on March 19th. 2.
Other financial heavyweights are also scheduled to attend the event, including Apollo Global Management head of private equity Marc Rowan and venture capitalist Marc Andreessen. According to Bloomberg News.
The fundraiser is being held to support a PAC affiliated with Scott called Great Opportunity Policy, Inc.
Other Republican leaders believed to be on the short list for vice president include Gov. Doug Burgum (R-North Dakota), former U.N. Ambassador Nikki Haley, and Sen. J.D. Vance (R-Ohio). state), etc.
Griffin donated $5 million to a super PAC supporting Haley in her bid to defeat Trump and win the nomination.
Griffin has donated $60 million so far this campaign, most of it to Senate and House races.
Although Biden trails in polls among voters in key battleground states, he has an estimated $100 million advantage in campaign finances over Trump.
Mr. Ackman has primarily supported Democrats in years past, but he has indicated he would not vote for Mr. Biden and is prepared to support Mr. Trump.
