From InvestorPlace: 2024-06-21 11:24:49

Prime Minister Justin Trudeau is considering new tariffs on China-made vehicles, putting a spotlight on stocks like Nio, Li Auto, and XPeng. The US and EU have also increased tariffs on Chinese EVs to protect domestic manufacturers. Despite not currently selling in Canada, these companies could face challenges if tariffs are implemented globally. Canada aims to protect its auto industry from Chinese competition and subsidies, with support from industry groups but concerns about retaliatory measures from China. If tariffs are approved, it could impact EV adoption and pricing for consumers.



Read more at InvestorPlace: Chinese EV Stocks NIO, LI, XPEV Rocked by Threat of Potential Canadian Tariffs