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What's Going On With NIO Shares Monday?
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What's Going On With NIO Shares Monday?
Mar 3, 2025 1:23 PM

NIO, Inc. ( 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 levies on automobile imports in early April and has threatened to institute 25% duties on imports from the European Union.

“Normally I’d say tariffs alone would damage the economy, but won’t send the U.S. into recession,” Marcus Noland, director of studies at the Peterson Institute for International Economics, told CBS.

“What gives me pause about that now is the unsettling way that the administration is going about its business and general confusion about tariffs. It’s not so much the actual tariffs but confusion about them that’s causing an increase in uncertainty and is really pushing down investment,” he added.

Consumer sentiment suffered a significant setback. The University of Michigan consumer sentiment index plummeted to 64.7 in February, marking a 10% decline. This downturn reflects growing consumer concerns about rising inflation and the potential impact of impending tariffs.

NIO shares may be falling as investors anticipate increased costs for the Chinese electric vehicle manufacturer. In addition, the general uncertainty around trade policy and tariffs has created volatility in the market.

Price Action: NIO stock closed 8.92% lower at $4.22, according to data from Benzinga Pro.

Related Link:

Amazon Web Services Bets Big On India with $8.2 Billion Cloud Investment

Image: Courtesy of NIO, Inc. ( NIO )

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