This article is about a man named Al Franken. He used to be a senator, which means he was an important person who helped make decisions for the country. He talked to a man named Bill Maher about how President Joe Biden wants to put extra fees (called tariffs) on cars with batteries (called EVs) that are made in a far away country called China. Mr. Franken thinks it's a bad idea, because those extra fees will cost American people money. Another man, Elon Musk, who is the boss of a big car company called Tesla, also doesn't like the extra fees. Read from source...
The article titled "Former Democratic Senator Al Franken Says Biden Is Wrong To Impose Higher Tariffs On EVs Made In China" presents several concerns. Firstly, it seems to favor specific political views, potentially causing imbalance in readers' perception of the issue at hand. Secondly, the article seems to lack objectivity and balance, which are fundamental to quality journalism. Lastly, the article appears to prioritize sensationalism over the actual substance of the news, which may cause confusion or misinterpretation for the readers.
1. Tesla Inc (TSLA) - Despite opposition to the proposed tariffs on Chinese EVs by Elon Musk, Tesla's market position makes it a strong buy. The company's unique electric vehicles and technological advancements, along with strong financial performance, suggest that Tesla would be a suitable long-term investment.
2. Ford Motor Co (F) - Ford has requested a reduction in the proposed tariffs on artificial graphite, which is an essential component in manufacturing EV batteries. This risk could potentially make investing in Ford risky, as the company may struggle to maintain EV battery production costs.
3. Market volatility - The imposition of higher tariffs on Chinese imports may eventually be passed down to US consumers, potentially impacting the economy and investor confidence. This risk could lead to market volatility, influencing investment decisions.
4. Political risk - The tariff imposition is subject to political decision-making. Changes in political leadership or policy direction could reverse the tariff decision, leading to uncertainty for investors.
5. International trade risks - Tariffs imposed on Chinese imports could lead to retaliatory tariffs imposed on US exports, leading to a potential negative impact on the US economy and businesses.
6. Technological change risks - The electric vehicle market is subject to rapid technological advancements. Investing in specific EV technologies may prove risky if technological changes lead to new EV developments that outperform existing technologies.