Geopolitical Tensions Rattle Alibaba Shares Following Trump Tariff Remarks

Alibaba Group shares experienced a severe downturn on Friday, plunging as much as 8% following provocative comments from former U.S. President Donald Trump regarding trade policy. The Chinese e-commerce leader saw its stock tumble after Trump signaled intentions to significantly increase tariffs on Chinese goods through social media channels. This dramatic market reaction raises immediate questions about whether escalating geopolitical friction could undermine the company’s strategic growth initiatives, even as analysts had recently expressed confidence in Alibaba’s artificial intelligence roadmap.

The sell-off was both swift and severe for Alibaba, a company widely viewed as a barometer for China’s economic health and its relationship with the United States. During the trading session, shares briefly fell below $159, marking their lowest... Read more...