US-China Trade Fight Hits Chinese Tech Stocks

Benzinga

Chinese stocks plunged in U.S. trading as new export and semiconductor restrictions deepened U.S.-China tensions. Alibaba, Baidu, and major EV makers fell up to 5% amid ongoing tariff retaliation and collapsing global trade orders.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02U.S.-listed Chinese stocks, Tomlin Friday, have been worsening trade tensions between

00:06Washington and Beijing, according to Benzinga.

00:08Alibaba fell 3.39%, Baidu 4.05%, PDD Holdings 3.15%, and JD.com 2.69%.

00:16While AV makers NIO, Li Auto, and Xpeng declined up to 5%.

00:20Sell-off files, China's expanded rare-earth export controls and new semiconductor licensing

00:25rules, countering U.S. sanctions and tariffs.

00:27Chinese exporters are shifting sales to Europe, Latin America, and Africa as order volumes

00:31plunge and prices fall.

00:33Cycle of retaliatory tariffs and duties between the U.S. and China has disrupted global trade,

00:38lowered prices, and intensified international competition.

00:41For all things money, visit Benzinga.com.

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