Biden's New Tariffs On Chinese Imports Are A 'Clear Giveaway' To These Two Tesla Rivals, Jim Cramer Says: 'I Like This Policy'
Portfolio Pulse from Benzinga Neuro
President Biden's new tariffs on Chinese imports, including a significant increase on Chinese electric vehicles, are expected to benefit U.S. automakers Ford and General Motors. Jim Cramer highlighted that these tariffs will protect American car companies from cheap Chinese competition. The tariffs will also impact other products like semiconductors and solar cells, benefiting companies such as First Solar, Texas Instruments, Owens & Minor, and Becton Dickinson.
May 15, 2024 | 11:20 am
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POSITIVE IMPACT
Becton Dickinson will benefit from the new tariffs on Chinese medical gloves and masks, which will protect it from cheaper Chinese competition.
The new tariffs on Chinese medical gloves and masks will reduce competition from cheaper imports, benefiting Becton Dickinson.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Ford is expected to benefit from the new tariffs on Chinese electric vehicles, which will protect it from cheaper Chinese competition.
The new tariffs will significantly reduce the threat of cheap Chinese electric vehicles, directly benefiting Ford by reducing competition.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
First Solar is expected to benefit from the new tariffs on Chinese solar cells, which will protect it from cheaper Chinese competition.
The new tariffs on Chinese solar cells will reduce competition from cheaper imports, benefiting First Solar.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
General Motors will benefit from the new tariffs on Chinese electric vehicles, which will protect it from cheaper Chinese competition.
The new tariffs will significantly reduce the threat of cheap Chinese electric vehicles, directly benefiting General Motors by reducing competition.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Owens & Minor is expected to benefit from the new tariffs on Chinese medical gloves and masks, which will protect it from cheaper Chinese competition.
The new tariffs on Chinese medical gloves and masks will reduce competition from cheaper imports, benefiting Owens & Minor.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Texas Instruments will benefit from the new tariffs on Chinese semiconductors, which will protect it from cheaper Chinese competition.
The new tariffs on Chinese semiconductors will reduce competition from cheaper imports, benefiting Texas Instruments.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80