NIO Stock Alert: Bided Will Reportedly Set New Tariffs on Chinese Electric Vehicles
NIONIO(NIO) InvestorPlace·2024-05-10 23:19

Shares of Nio (NYSE:NIO) stock are in the green following reports that President Joe Biden would move forward with a plan to enact or maintain tariffs on several Chinese sectors as soon as next week, including EVs, batteries, semiconductors and solar cells.Reuters noted that the administration is “expected to largely maintain existing levies,” while Bloomberg stated that Biden seeks to “target key strategic sectors with new levies while rejecting the across-the-board hikes sought by Donald Trump.” At the mo ...