The Trump administration has touted levying tariffs ranging from 60% to 100% on Chinese imports to the United States.Trump's tariffs will not impact all Chinese stocks since many sell only to China and other international markets.
is a case in point. Its stock surged 38% from $85 to $117.82 on the hype driven by the China stimulus package in September, only to collapse to $83.13 on November 22, 2024, on a disappointing stimulus package and potential Trump tariffs.Alibaba is known for its e-commerce and cloud computing businesses. Most of its e-commerce revenues come from China. However, its international revenue continues to grow annually. In 2024, Alibaba is expected to generate $60 billion in revenue from China and $14.
According to ECDB, in 2023, Temu generated $6 billion in sales from the United States, which was 43% of its gross merchandise volume . It estimates that United States revenue will rise more than 50% in 2024. PDD generated $34.9 billion in total revenue in 2023. United States e-commerce sales accounted for 5.8% of total revenue. Temu has also gotten backlash about its app being a national security threat. The combination of tariffs and regulatory risk puts PDD Holdings on the avoid list.of China.
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