Elon Musk reached an agreement with Shanghai on the placement of Tesla's production and according to preliminary data the plant will produce 500,000 cars per year. Recall that at the moment Tesla has only one plant located on the territory of the United States. This will also help the company to avoid counter duties on cars from China and increase production volumes.
Furthermore, this week we expect that Donald Trump will soon announce new tariffs, this time on Chinese goods worth $200 billion, which will undoubtedly provoke a response from China.
The Canadian dollar suspended its upward movement relative to the reserve currency and today we expect the publication of an interest rate decision in Canada. It is predicted that the rate will be increased by 25 basis points and will be 1.5%.
Despite the unfavorable factors, the Dow Jones index continued its growth and is now close to 25,000, while the S&P 500 has lost only 0.68% and may soon approach historical highs.
