Biden signed law to combat cheap china shipments, causing PDD and Alibaba stocks to fall.

From Google: 2024-09-13 15:02:00

Pinduoduo (PDD) and Alibaba stock prices dropped as President Biden signed a law to combat cheap shipments from China. This move aims to protect American industries from unfair competition. The companies haven’t commented on the situation yet. The situation could impact Chinese e-commerce platforms and their stocks. Investors are monitoring the situation closely.



Read more at Google: PDD and Alibaba Stocks Fall as Biden Acts on Cheap China Shipments – Barron’s