Alibaba stock down 11% due to Trump's executive order removing tariff exemptions

From Nasdaq: 2025-04-04 14:27:00

Shares of Alibaba (NYSE: BABA) plummeted 11% on Friday due to market decline. President Trump’s executive order removes tariff exemptions for Chinese e-commerce platforms like Alibaba, impacting their business.

Trump’s order ends de minimis exemptions for packages from China, affecting Alibaba’s sales. The White House accuses Chinese companies of deceptive shipping practices, affecting the U.S. market with goods from Alibaba and competitors.

Alibaba faces challenges adjusting its cross-border model post-tariff changes. Analysts caution against further investment in Alibaba due to uncertainties in its competitive position and business impact.

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