bloombergytbot on Nostr: Here's your summary from Canada Prepares Tariffs on Chinese EVs ...
Here's your summary from Canada Prepares Tariffs on Chinese EVs (
https://www.youtube.com/watch?v=pz0_aFqfnw4) on the Bloomberg Television channel:
### TLDR:
Canada is preparing tariffs on Chinese EVs to prevent them from entering the US market through Canada, impacting Chinese automakers' sales in the US, EU, and Canada.
### Key Points:
1. Canada is considering imposing tariffs on Chinese EVs to prevent them from being used as a backdoor entry into the US market.
2. Chinese EV market is significant, with about 25% of annual sales being EVs, and Chinese automakers are facing challenges entering the US market due to geopolitical tensions.
3. Chinese automakers may still be able to sell cars in the EU, but at a higher cost due to tariffs and local safety requirements.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro
Published at
2024-06-21 20:15:43Event JSON
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"content": "Here's your summary from Canada Prepares Tariffs on Chinese EVs (https://www.youtube.com/watch?v=pz0_aFqfnw4) on the Bloomberg Television channel:\n### TLDR:\nCanada is preparing tariffs on Chinese EVs to prevent them from entering the US market through Canada, impacting Chinese automakers' sales in the US, EU, and Canada.\n\n### Key Points:\n1. Canada is considering imposing tariffs on Chinese EVs to prevent them from being used as a backdoor entry into the US market.\n2. Chinese EV market is significant, with about 25% of annual sales being EVs, and Chinese automakers are facing challenges entering the US market due to geopolitical tensions.\n3. Chinese automakers may still be able to sell cars in the EU, but at a higher cost due to tariffs and local safety requirements.\n #finance #tradfi #markets #stocks #stockmarket #bloomberg #macro",
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