What's Going On With Nio Stock Monday?

Nio Inc. NIO shares traded higher on Monday after President Donald Trump and his administration announced that electronics are exempt from the 145% reciprocal tariffs on Chinese goods.

The Details: According to the New York Post, the announcement exempts electronics like smartphones, laptops and semiconductors. Following the news, Nio, along with other U.S.-listed Chinese stocks, rose as the exemption helped alleviate investor concerns about rising costs and weakened demand.

Other U.S.-listed Chinese tech stocks that moved higher include PDD Holdings Inc. PDD, JD.Com Inc. JD and Baidu Inc. BIDU.

While Nio is primarily an electric vehicle manufacturer, it recently expanded into consumer electronics with the launch of its own smartphone, which may benefit more directly from the exemption, as smartphones are specifically excluded from the tariffs.

American technology companies such as Apple Inc. AAPL and Dell Technologies Inc. DELL also saw a boost, as both rely heavily on components and manufacturing ties to China that could have been impacted by the tariffs.

The tariff relief may be temporary. Secretary of Commerce Howard Lutnick said new measures targeting semiconductors and other tech components are expected in the coming months.

Trump also emphasized in a Truth Social post that, "NOBODY is getting ‘off the hook' on tariffs," adding that even if certain products are exempt under one policy, "they'll be covered under another.”

NIO Price Action: NIO stock closed 2.56% higher at $3.61, according to data from Benzinga Pro.

See Also:
• Ironically, Because Of All The New Tariffs, It’s Now Way Cheaper To Make Our Chocolate Bars Outside The US,’ Says MrBeast

Photo: Courtsy Nio, Inc.