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Stock impact report

China Hit With 54% "Reciprocal Tariff" Rate Following Trump Address. 3 Things Pinduoduo Stock Investors Should Know [Yahoo! Finance]

Pinduoduo Inc. - American Depositary Shares (PDD) 
Company Research Source: Yahoo! Finance
While the president had telegraphed his desire for punitive tariffs to try to balance the trade deficit the U.S. has with much of the world, investors were taken aback by their size. China has long served as a scapegoat for Trump so perhaps it's not a surprise that goods imported from China will now face a 54% tariff, which includes a 20% rate the president imposed earlier. U.S. stocks tumbled on the news, but the impact on Chinese listings was much more modest, as the iShares MSCI China ETF was down just 0.9% on Thursday. International stocks are outperforming U.S. stocks so far this year, and that makes sense. Not only do international stocks have less exposure to Trump's trade war and the weakening consumer confidence in the U.S., but valuations are much lower in international equities, especially entering the year. China stocks are especially cheap right now, and one that has been a standout performer in recent years is PDD Holdings (NASDAQ: PDD) , the parent of Pinduoduo a Show less Read more
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