Stocks of U.S.-listed Chinese companies, including Alibaba Group Holding (NYSE:BABA), PDD Holdings Inc (NASDAQ:PDD), Baidu, Inc (NASDAQ:BIDU), and JD.com, Inc (NASDAQ:JD), are trading lower Friday as markets turn jittery after President Donald Trump announces sweeping tariffs.

Trump's measures include a 34% tariff on imports from China, raising the total duties on Chinese goods to 54% and prompting criticism from Beijing.

Goldman analyst Andrew Tilton expects the Chinese government to retaliate with some targeted tariffs on U.S. products as well as non-tariff measures like export controls.

In fact, China's finance ministry has announced a 34% tariff on all goods imported from the U.S., effective from April 10.

Billionaire investor David Tepper's Appaloosa Management increased its stakes in prominent Chinese e-commerce names, including PDD, during the fourth quarter of 2024.

PDD Stock Prediction For 2025 Before Tariffs Were Announced

Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory.

Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable.

Price Action: PDD stock is down 9.38% at $103.01 at the last check on Friday.

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