Lucid Group, Inc. (NASDAQ:LCID) shares are trading higher Monday on reports indicating President Biden will increase tariffs on electric vehicles produced in China.
The Details:
According to a Bloomberg report, the Biden administration plans to raise tariffs on Chinese electric vehicle imports from 25% to 100%, Sources familiar with the situation said the administration is expected to announce the tariffs on EVs and other clean energy imports on Tuesday.
Lucid shares are moving on heavy trading volume Monday with more than 39.5 million shares traded in the session. According to data from Benzinga ...