The appeals court has upheld crucial Trump-era tariffs on China, sending ripples through Apple and global markets alike. This ruling brought a wave of relief to investors, propelling the S&P 500 higher as trade tensions begin to ease
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China’s BYD experienced a sharp 8% drop in its shares following the announcement of substantial price cuts designed to invigorate sales. This bold strategy, intended to sharpen its competitive edge in an increasingly crowded market, has sparked worries among investors regarding profit margins and the company’s long-term growth potential.
BYD’s sales surged by an impressive 164%, showcasing its rapid growth in the electric vehicle market, while XPeng reported even stronger performance. This surge underscores the intensifying competition among EV manufacturers as consumer demand escalates.