China Stock Alerts After Yellen’s Visit

From BayStreet Media Group.: 2024-04-09 09:27:00

Last week, U.S. Treasury Secretary Janet Yellen visited China to discuss trade tensions. Talks included China’s excess exports of goods such as solar panels and electric vehicles.

Chinese EV companies like XPeng, NIO, and BYD could be hurt by possible export restrictions, benefiting Tesla instead. Solar panel firms like Canadian Solar and Solaredge are trading at multi-year lows.

The mining sector may see volatility in lithium markets, with Albemarle potentially benefiting if China reduces lithium production. Overall, the U.S. imposing tariffs on Chinese goods could impact various industries.



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