Why QuantumScape Stock Is Sinking Today

QuantumScape (NYSE: QS) stock is slumping in Wednesday's trading. The solid-state battery company's share price was down 4.2% as of 3:15 p.m. ET and had been down as much as 5.4% earlier in the day's trading.While there isn't any fresh business-specific news for QuantumScape today, the company's valuation is retreating in conjunction with developments on the tariff front. The Trump administration is planning a new round of tariffs targeting semiconductors, automobiles, and pharmaceuticals, and the move could have a significant impact on the battery-tech specialist.President Trump said yesterday that his administration is planning on introducing a new 25% tariff on foreign chips, autos, and pharmaceuticals. The tariffs are expected to be under review until April 1 and then go into effect the following day. Trump also left the door open for tariffs on those goods to continue rising above that level.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool