IPO241220C46000
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Renaissance Cap Greenwich Funds Ipo Etf Newsroom
As soon as Trump raised the tariff stick, the North American metal and auto industries were already hit.
On Monday, Eastern Time, President-elect Trump of the United States announced his plan to impose tariffs of up to 25% on imports from Mexico and Canada after taking office, triggering immediate reactions in the forex market. The US dollar rose more than 2% against the Mexican Peso, reaching a four-year high against the Canadian Dollar. Trump's move aims to address illegal immigration and drug issues, but analysts widely believe that this tariff policy may have profound implications for the economies of the USA and its neighboring countries.
The Biden administration is wildly handing out "gifts" before leaving office: electric vehicle company Rivian has received a government loan of 6.6 billion dollars.
①The us electric vehicle company Rivian announced that it has obtained a $6.6 billion conditional loan from the us energy department to restart its assembly plant plans in Georgia. ②The CEO of Rivian stated that this loan will help the company expand its production base to manufacture R2 and R3 models. ③The Biden administration had to complete the loan disbursement within the last two months, otherwise it would face strong obstruction from Trump.
Lifting a rock to smash one's own foot! As soon as the threat of tariffs from Trump emerged, the stock prices of usa automotive giants plummeted.
① The usa's incoming president Trump threatened to impose a 25% tariff on imported commodities from Mexico and Canada, causing shares of major us autos companies to plummet, with general motors falling nearly 9%. ② The tariffs may harm employment in both the usa and Mexico, and deal a blow to us consumers, which is undoubtedly Trump "lifting a rock only to drop it on his own foot."
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Niu Sen openly challenges Trump: If you cancel electric vehicle subsidies, California will pay for it themselves.
① Newsom stated that if the Trump administration cancels the federal tax credit, California will restart its own subsidy program; ② According to the latest data, the total number of zero-emission autos sold in California has exceeded 2 million; ③ During Trump's first term, a dispute occurred with Newsom regarding automobile emission standards.
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