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2 China Stocks Cheering the Tariff Pause
BABABABA(BABA) Schaeffers Investment Research·2025-05-12 23:15

BABA and JD are on the rise after the U.S. and China cut tariffs temporarilyStocks are soaring today, after the U.S. and China agreed to cut "reciprocal" tariffs by 115% for 90 days, with plans for further negotiations in the coming weeks. Unsurprisingly, U.S.-listed shares of China-based stocks JD.com Inc (NASDAQ:JD) and Alibaba Group Holding Ltd (NYSE:BABA) are on the rise, up 6.3% and 6.5% at last check, respectively. JD.com stock is trading at $35.92, staging a nice little bounce off its 320-day moving ...