Chinese stocks drop on Trump tariff plans, de minimis halt

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Mon, Feb 3, 2025, 8:54 AM

Chinese stocks, including Alibaba (BABA), JD.com (JD), Tencent Holdings (TCEHY), and PDD (PDD), are moving mostly down due to President Donald Trump's plan to impose a 10% tariff on Chinese goods and halt the de minimis trade exemption. The removal of this exemption would increase costs for Chinese online retailers.

Some see Chinese tech stocks as a potential safe haven, though market uncertainty and geopolitical risks create hesitation, preventing significant movement in these stocks.

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This post was written by Josh Lynch