Breaking news! The US has confirmed an increase in tariffs on products from China, with electric cars being raised to 100%.
According to a report from Reference News citing US media, the US government on September 13th decided to significantly increase the import tariffs on Chinese products, including imposing a 100% tariff on electric cars, a 50% tariff on solar energy batteries, and a 50% increase in import tariffs on Chinese semiconductors.
EU Plans to Vote on Sept 25 for Higher Tariffs on Chinese EVs, Report Says
Express News | The United States has decided to impose additional tariffs on Chinese products, with a 100% increase in tariffs for electric cars.
Nio Onvo L60 Launch Event to Begin at 7:30 Pm Beijing Time on Sept 19
U.S. stocks closed | S&P 500 and Nasdaq both rose for the fifth consecutive week, with nvidia up nearly 16% for the week and broadcom up 22% for the week.
The rebound in US consumer confidence, the near four-year low in one-year inflation expectations, the support of the former "Fed's three hands" for a 50 basis point rate cut, and the significant increase in betting on substantial rate cuts by the "Fed's communication agency" and others, have returned to the "fifty-fifty" level. Small cap stocks rose by more than 2% on Friday, chip index rose by 10% over the week, NVIDIA rose by nearly 16% over the week, and Broadcom rose by 22% over the week. The two-year US Treasury yield returned to a two-year low, the yen rose above 141, the highest in nearly nine months, offshore renminbi rose above 7.10 yuan, and bitcoin rose to $0.06 million. Oil prices stopped the multi-week decline, and gold rose by over 3% for the best month in a month.
Express News | China concept stocks are mixed, with nio inc rising more than 5%.