Jinwu Financial News | Auto stocks generally fell. Ideal Auto (02015) fell 4%, BYD shares (01211) fell 2.42%, NIO (09866) fell 2.49%, Zero Sports (09863) fell 1.44%, and Geely Auto (00175) fell 1.37%.
The US White House announced additional tariffs on $18 billion of products imported from China. Among them, tariffs on electric vehicles will be raised from 25% to 100%, and tariffs on lithium-ion electric vehicle batteries will be raised from 7.5% to 25%.