Tag Archives: TrumpPolicies

Rivian CEO Sounds The Alarm On Trump’s Tariffs

Rivian CEO Sounds The Alarm On Trump’s Tariffs

Forget the EV tax credit. Rivian founder and CEO R.J. Scaringe is far more concerned about another threat from President Donald Trump: tariffs.  “It has, in some ways, bigger implications, far bigger, than what happens with the IRA tax credits,” Scaringe told reporters last week, referring to the 2022 Inflation Reduction Act, which contains pro-EV policies that Trump has attacked time and time again. “There’s not a car company in the world that’s not thinking about moving supply chains around right now,” Scaringe said. More From Our Chat With Rivian’s CEO Trump plans to slap 25% tariffs on imports from Mexico and Canada on February 1, in an attempt to pressure those governments into preventing the flow of drugs and undocumented immigrants into the U.S. But it’s American consumers and