What’s going on with Nio Shares Monday? – NIO (NYSE: NIO)

Nio, Inc. Nio Shares were traded lower on Monday. The weakness of the inventory can be expected on the US tariffs, which is expected to begin on Tuesday.

The details: According to CBS, President Donald Trump At the end of February on social media, 25% tariffs in Canada and Mexico will begin on March 4. In addition, an additional tariff for Chinese imports is put into force this week.

From March 12, Trump is planning to impose 25% tariffs on steel and aluminum imports. Trump can also use mutual tariffs and taxes for automotive imports in early April and threatens to introduce 25% tasks to imports from the European Union.

“Usually I would say that only tariffs would damage the economy, but would not send the US recessions.” Marcus Nolandsaid the study manager at the Peterson Institute for International Economics, told CBS.

“What gives me a break now is the disturbing way how the administration runs your business and general confusion about tariffs. It is not so much the actual tariffs, but the confusion about it that leads to an increase in uncertainty and really reduce the investments, ”he added.

The consumer mood suffered a significant setback. The index of the University of Michigan Consumer Sentiment fell to 64.7 in February and was a decline of 10%. This downturn reflects growing consumer concerns regarding the increasing inflation and the possible effects of the upcoming tariffs.

The NIO shares may drop because investors expect the increased costs for the manufacturer of the Chinese electric vehicle. In addition, general uncertainty in relation to trade policy and tariffs have created volatility on the market.

Price action: According to Benzinga data, the NIO share ended by 8.92% lower at 4.22.

Related link:

Image: With the kind permission of NIO, Inc.