The electric automaker is set to be the big winner as China lowers its tariffs on imported cars and phases out its 50/50 law requiring foreign companies to set up a joint venture with a local firm in order to operate in the country.
For full interview, [click here](https://cheddar.com/videos/china-cuts-tariffs-on-auto-imports).
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
