(Image: Reuters/Kevin Lamarque)
The companies of China – How Alibaba and PDD Holdings – are at risk of being disabled from the stock exchanges of the United States (USA) by the President Donald Trump. At least that’s what the US Treasury Secretary Scott Bessent suggested in an interview with Fox Business.
Bessent said last week that “everything is at stake” when asked if the Republican would consider excluding US deposit receipts (ADRs) from Chinese NYSE and Nasdaq companies.
Since Trump announced reciprocal tariffs, on April 2, the index Nasdaq Golden Dragon China (Hxc), which tracks the largest Chinese actions in the US, plummeted 15.47%.
- See more: The main BDRs to invest now – large banks and brokerages have selected favorite international actions to internationalize the wallet; See for free
The four companies with the highest market values listed in the index registered expressive falls in the period, and only Alibaba (NANNY) fell 19.56%. Netease (Nodes), Jd.com (JD) and Baidu (Bidu) retreated 8.41%, 14.50%and 9.96%, respectively.
The owner of the Chinese online retailer, PDD Holdings (PDD), in turn, had a low of 24.42%.
Today, after a series of retaliation, the White House fare against Chinese products is 145%. China rates for the US are 125%.
USA x China
The Chinese government put the letters on the table and presented their conditions to open dialogue with the US. Beijing wants the country to show “respect” and “stop threatening and blackmailed.”
“If the US really want to resolve the issue through dialogue and negotiation, they should stop exerting extreme pressure, stop threatening and blackmailing, and talk to China based on equality, respect and mutual benefit,” said Lin Jian, spokesman for the Ministry of Foreign Affairs.
The last time it raised retaliatory tariffs, the Chinese government had already shown that it does not really want to enter a trade war.
“The successive imposition of excessively high tariffs on China by the US has become nothing more than a game of numbers, without real economic significance. This only exposes the American practice of using tariffs as a weapon for intimidation and coercion, becoming a joke,” he said at the time.
US and China Timeline Line
*With Juliana Américo
Source: Moneytimes
I am an author and journalist with a focus on market news. I have worked for a global news website for the past two years, writing articles on a range of topics relating to the stock market. My work has been published in international publications and I have delivered talks at both academic institutions and business conferences around the world.
