Nvidia's stock has dropped 17.34% year-to-date, but the company has seen a reversal of planned export restrictions on its H20 AI chips to China after CEO Jensen Huang met with former President Trump at Mar-a-Lago.
The iShares China Large-Cap ETF rebounded Wednesday afternoon. Trump's announcement of a 125% tariff on Chinese imports meanwhile heightened investor fears over U.S.-China tensions.
As Washington doubles down on its trade war with China, and tariffs now going as high as 104%, some leading experts believe that the Middle Kingdom might have an ace up its sleeve, that could hit the United States where it hurts most—Services.
In tit-for-tat moves, China announced 34% tariffs on U.S. imports to the country, and the U.S. bumped the additional tariff rate to 84% on Chinese goods.
Alibaba Group Holding Ltd. shares have plummeted 32.50% since mid-March as escalating trade tensions between the U.S. and China threaten to derail the e-commerce giant's international business model.
The iShares China Large-Cap ETF had gained as much as 4.6% Tuesday morning. The ETF is now falling sharply Tuesday afternoon as U.S.-China trade tensions reached new highs.
Shares of Alibaba Group Holding Limited (NYSE: BABA) are falling Tuesday as tensions between the United States and China reignited fears of a prolonged trade war.
Treasury Secretary Scott Bessent on Tuesday characterized China's retaliatory trade actions as a "big mistake," saying the nation is "playing with a losing hand" in the escalating tariff conflict with the United States.
DeepSeek, in partnership with Tsinghua University, developed a method to enhance language models for faster and better results, outperforming existing ones.
