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NIO, Inc. (NYSE:NIO) stock traded lower on Monday. Weakness in the stock may be in anticipation of U.S. tariffs, expected to begin on Tuesday.
The Details: According to CBS, President Donald Trump announced on social media in late February that 25% tariffs on Canada and Mexico will begin on March 4. Furthermore, an additional 10% tariff on Chinese imports is set to take effect this week.
Beginning on March 12, Trump plans to impose 25% tariffs on steel and aluminum imports. Trump may also deploy reciprocal tariffs and …
