Lucid Group, Inc. (NASDAQ:LCID) is one of several electric-vehicle stocks moving higher Tuesday. The sector may be reacting to new tariffs on Chinese EV imports.
What Happened: Lucid Group and other EV stocks appear to be getting a lift Tuesday following reports that President Joe Biden increased tariffs on Chinese imports of electric vehicles, solar cells, batteries, steel and aluminum to protect industries in the U.S. from unfair competition.
Biden is expected to quadruple tariffs on imported EVs from China from 25% to 100%. There will also be a 25% tariff on Chinese steel and aluminum imports and a 50% tariff on Chinese solar cells, according to CNBC.
"China is producing at a rate and with a trajectory that's far in excess of any plausible estimate of global demand," a senior administration official reportedly told CNBC.
"That is going to flood the global market with supply that undercuts our ability to build productive capacity at home and ... leaves all of us across the world more vulnerable to economic coercion."
The Biden administration does not believe the tariffs will have any inflationary impact as they are not "across the board" and instead only target specific sectors.
Other stocks that appear to be benefitting from the news include Tesla, up 2.63%, and Rivian, up 2.84%, as well as U.S.-based EV battery companies.
Lucid Group, Inc.（纳斯达克股票代码：LCID）是周二上涨的几只电动汽车股票之一。该行业可能正在对中国电动汽车进口的新关税做出反应。
发生了什么：周二，Lucid Group和其他电动汽车股票似乎上涨，此前有报道称乔·拜登总统提高了对中国进口的电动汽车、太阳能电池、电池、钢铁和铝的关税，以保护美国工业免受不公平竞争。
预计拜登将对从中国进口的电动汽车征收四倍的关税，从25％提高到100％。据CNBC报道，还将对中国进口的钢铁和铝征收25％的关税，对中国的太阳能电池征收50％的关税。
据报道，一位高级政府官员告诉CNBC：“中国的生产速度和轨迹远远超过对全球需求的任何合理估计。”
“这将使全球市场充斥供应，削弱我们在国内建立生产能力的能力，... 使我们在世界各地的所有人更容易受到经济胁迫的影响。”
拜登政府认为关税不会产生任何通货膨胀影响，因为它们不是 “全面的”，而是仅针对特定行业。
其他似乎受益于这一消息的股票包括上涨2.63％的特斯拉和上涨2.84％的Rivian，以及总部位于美国的电动汽车电池公司。
