Chinese EV Stocks NIO, LI, XPEV on Alert as EU Tariffs Launch

The European Union (EU) is moving forward with its tariffs on Chinese electric vehicles (EVs). Indeed, as of Friday, July 5, the EU has imposed a tariff of up to 37.6% on EVs imported from China.As Reuters reports, this new policy also includes a “four-month window during which the tariffs are provisional with intensive talks expected between the two sides.” Still, news of this development has sent Chinese EV stocks into the red this morning as the sector prepares for geopolitical tensions. For investors, t ...