tl;dr
Treasury Secretary Janet Yellen is set to visit China for four days of meetings with top Chinese officials, including discussions on "unfair trade policies" and "non-market economic practices." The trip will address China's flood of exports, particularly in the clean energy industry, with concerns ...
Treasury Secretary Janet Yellen is set to visit China for four days of meetings with top Chinese officials, including discussions on "unfair trade policies" and "non-market economic practices." The trip will address China's flood of exports, particularly in the clean energy industry, with concerns raised about the impact of trade barriers on the global market. President Biden has the authority to impose new tariffs on Chinese products without congressional approval, potentially providing leverage in the upcoming discussions. Yellen emphasized the importance of maintaining a level playing field and addressing excess capacity, highlighting the risks posed to both American and Chinese economies as well as global productivity and growth. China's role as the leading global polluter, coupled with its dominance in clean energy technology manufacturing, poses a paradox as the U.S. aims to expand renewable energy while developing a domestic supply chain. Concerns were raised about the sustainability of subsidies, drawing parallels with China's practices. ETFs involved: NYSEARCA:FXI, NYSEARCA:KWEB, NYSEARCA:CQQQ, NASDAQ:MCHI, ASHR, YINN, TDF, CHIQ, GXC, EWH, KBA, YANG, CXSE, CAF, CWEB, PGJ, KURE, CHIX
More about Tesla Inc
Company: Tesla Inc
Industry: Manufacturing, Motor Vehicles & Passenger Car Bodies
Market Cap: $536.25 billion
Current Price: $39.16
Dividend Yield: None
P/E Ratio: 4.3
52-week High: $30.49
52-week Low: $0.155
Revenue: $96.77 billion
EPS: $191.29
ROI: 1.115
Beta: 0.035
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