Why QuantumScape Stock Is Plummeting Today

QuantumScape (NYSE: QS) stock is sinking in Wednesday's trading. The solid-state battery specialist's share price was down 9.5% as of 1:30 p.m. ET and had been down as much as 11.6% earlier in the session.Before the market opened today, reports hit the wire that President-elect Donald Trump is considering declaring a national economic emergency when he enters office later this month. By declaring a national emergency, Trump would be able to utilize special powers through the International Economic Emergency Powers Act that allow the president to unilaterally set tariffs and shape other import policies. The stock market is seeing bearish pressures today in the wake of reports that Trump is contemplating the declaration of a national economic emergency in order to rapidly implement his tariff policies. While Trump campaigned on implementing new tariffs and has been expected to move forward along those lines as president, today's news suggests that his administration could be more aggressive with trade policy than previously anticipated.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool