Governor Jared Polis (D-CO) criticized President Joe Biden’s recent announcement of new tariffs on China, expressing concerns about its impact on American consumers and clean energy. Polis, a former successful businessman, highlighted the detrimental effect of tariffs as a regressive tax on families and proposed alternative measures to address inflation in the U.S., including dropping tariffs, repealing the Jones Act, and establishing a bipartisan fiscal commission.
In his critique, Polis emphasized the negative consequences of tariffs on American consumers and the clean energy sector. He outlined his suggestions for tackling inflation, pointing to the repeal of the Jones Act, a century-old regulation governing cargo shipments to U.S. ports, as a necessary step. Polis referenced support from organizations like the CATO Institute for repealing the Jones Act, citing its economic costs and limited benefits.
Despite his significant political achievements, including being the first openly gay man elected to statewide office in the U.S. and his overwhelming reelection in 2022, Polis has stated he has no intention of running for president.
25% on steel and aluminum,
50% on semiconductors,
100% on EVs,
And 50% on solar panels.China is determined to dominate these industries.
I’m determined to ensure America leads the world in them.
This is horrible news for American consumers and a major setback for clean energy. Tariffs are a direct, regressive tax on Americans and this tax increase will hit every family. https://t.co/ZLYvh3pm2Z
— Jared Polis (@jaredpolis) May 14, 2024
