Ken Griffin rips Biden for ‘incoherent’ policy on China tariffs

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Ken Griffin lashed out at President Biden over his “incoherent” economic policies though he said he is waiting to see who Donald Trump picks as his running mate before deciding whether to financially back the presumptive Republican nominee. Griffin, the founder and CEO of $63 billion hedge fund Citadel, criticized the Biden administration’s decision to raise tariffs on Chinese-made electric vehicles to 100% – roughly quadrupling the old tariff rate of 25%. The tariffs on Chinese EVs, which are more affordable than Western-made models, effectively kept them out of the US market. 3 Ken Griffin, CEO of hedge fund Citadel,...