Nio Stock Is Down 6% Today. What's Going On?

A range of U.S.-listed Chinese stocks are seeing significant downside today, including electric vehicle (EV) maker Nio (NYSE:NIO). Indeed, Nio is garnering plenty of attention as one of the top decliners in today’s market, with NIO stock sinking about 6% this afternoon.This move appears to be a direct result of messaging from President Joe Biden’s administration around increased tariffs that could be coming for China-made products, with the EV sector of increasing importance in particular. Given increased b ...