Sooren Moosavy wants to buy an affordable electric car in the US, motivated by environmental concerns and a preference for the EV's smoother ride. But his search has brought him to a trio of vehicles that are essentially unavailable - because they're from Chinese automakers.
As the average price of a new car in the US approaches $50,000, more of the car-buying public is open to buying cheaper Chinese cars, despite resistance from the industry and both major US political parties. While Chinese autos hit the highways of Europe, Latin America and even Canada, the US government has effectively banned the cars with tariffs exceeding 100%.
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Asset management giant BlackRock's CEO Larry Fink urged clients to stay invested despite ongoing market volatility, and highlighted that artificial intelligence is reshaping investment strategies and the broader economy.
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