Trump advisers propose plan to reshape U. auto industry, including eliminating electric vehicle subsidies
12.18 Advisers to US Presidentelect Donald Trump have suggested a twopronged approach to reshape the US auto manufacturing industry, eliminating federal subsidies designed to boost electric vehicle sales while continuing to foster a domestic supply chain for electric vehicle production. The recommendations highlight how Trump’s campaign promise to “end” the Biden administration’s electric vehicle mandate will manifest itself in its policies. Overall, the policy will prioritize domestic automakers and suppliers while avoiding using taxpayer funds to support consumers.
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Audio | Glodon 12.19 premarket highlights Hong Kong A and US stocks, all the major events you need to pay attention to are here
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International News:
1. The Federal Reserve cut interest rates by 25 basis points;
2. Key points from the FOMC statement and Powell’s press conference: The Fed is at or near the point of slowing down its rate cuts as planned;
3. US stocks plummeted! All three major indexes fell by more than 2%, the China Concept Index fell by 2.4%, and Tesla fell by more than 8%.