Nio Stock Is Sliding Tuesday: What's Going On?
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NIO Inc. (NYSE:NIO) shares fell 3.41% to $6.93 on Tuesday, alongside other US-listed Chinese stocks, due to new port fees imposed by the U.S. and China, escalating trade tensions. The fees, aimed at protecting China's shipping industry, will increase annually and mirror recent U.S. charges. This move follows tighter export controls on rare earths and threats of additional tariffs from President Trump. Despite the tensions, a meeting between Trump and Chinese President Xi Jinping is still planned for later this month to address the situation.
Source: Benzinga The copyright of this article belongs to the original author/organization.
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