Explainer

Why US-Listed Chinese Stocks Risk Expulsion in Trump’s Trade War

Alibaba Group Holding Ltd. signage on the floor at the New York Stock Exchange on April 11, 2025.Source: Bloomberg

Tariffs aren’t the only battleground to keep an eye on in the trade war between the US and China. Access to Wall Street could be used as a lever in the negotiations, leaving almost 300 Chinese companies listed in the US at risk of being removed from American stock exchanges. That includes e-commerce giants Alibaba Group Holding Ltd. and JD.com Inc.

While the two countries reached a temporary tariff truce in May, drastically lowering their taxes on each other’s exports for 90 days, a final trade deal that resolves their differences could take longer to hash out. In the meantime, a re-escalation of tensions isn’t out of the realm of possibility.