Chinese EV Stocks NIO, LI, XPEV Rocked by Threat of Potential Canadian Tariffs

Nio (NYSE:NIO), Li Auto (NASDAQ:LI) and XPeng (NYSE:XPEV) stock are in the spotlight following news that the Canadian government is considering levying new tariffs on electric vehicles (EVs) made in China.According to Bloomberg, Prime Minister Justin Trudeau has faced pressure to enact tariffs on Chinese EVs following similar plans from the U.S. and European Union (EU). Last month, the White House announced that it would increase the tariff on Chinese EVs to 100% from 25% in order to protect domestic manufa ...