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Moreover, despite the change in administrative power, Trump-imposed tariffs on about $350 billion of Chinese-made products continue to remain in place, leading to high costs for importers. While the Biden administration comprehensively evaluates US-China trade policy, the pressure to address the problem is mounting as the global supply chain problems worsen.
Shares of Nike Inc. (NKE), Peloton Interactive Inc . (PTON), and Bed Bath and Beyond (BBBY) have fallen due to the ongoing supply chain disruptions, as investors expected their financials to be impacted in the near term. So, it could be wise to avoid these overvalued stocks.
