U.S. Traded Shares of China Stocks Lower After Report Bipartisan Group Of Us Lawmakers Planned To Introduce A Bill On Wednesday To Eliminate Tariff Exemption Used By e-Commerce Sellers To Send Orders From China To US Shoppers
Portfolio Pulse from Charles Gross
US-traded shares of Chinese stocks are lower after a report that a bipartisan group of US lawmakers plans to introduce a bill on Wednesday to eliminate tariff exemptions used by e-commerce sellers to send orders from China to US shoppers.
June 14, 2023 | 9:38 am
News sentiment analysis
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may be indirectly impacted by the proposed bill to eliminate tariff exemptions for e-commerce orders from China to US shoppers.
While the proposed bill primarily affects Chinese stocks, it may also have a minor indirect impact on the broader US market, including the SPY ETF, due to potential trade tensions.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 40
NEGATIVE IMPACT
Alibaba's US-traded shares may be negatively impacted by the proposed bill to eliminate tariff exemptions for e-commerce orders from China to US shoppers.
As a major e-commerce platform in China, Alibaba relies on tariff exemptions to maintain competitive pricing for US shoppers. Eliminating these exemptions could increase costs for Alibaba and its sellers, potentially affecting its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Baidu's US-traded shares may be indirectly impacted by the proposed bill to eliminate tariff exemptions for e-commerce orders from China to US shoppers.
Although Baidu is not directly involved in e-commerce, the overall negative sentiment towards Chinese stocks due to the proposed bill may indirectly affect Baidu's stock price.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) may be negatively impacted by the proposed bill to eliminate tariff exemptions for e-commerce orders from China to US shoppers.
The proposed bill may negatively affect Chinese stocks, including large-cap companies in the FXI ETF. As a result, the ETF's performance may be negatively impacted.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
JD.com's US-traded shares may be negatively impacted by the proposed bill to eliminate tariff exemptions for e-commerce orders from China to US shoppers.
JD.com, as a major e-commerce platform in China, relies on tariff exemptions to maintain competitive pricing for US shoppers. Eliminating these exemptions could increase costs for JD.com and its sellers, potentially affecting its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Pinduoduo's US-traded shares may be negatively impacted by the proposed bill to eliminate tariff exemptions for e-commerce orders from China to US shoppers.
Pinduoduo, as a major e-commerce platform in China, relies on tariff exemptions to maintain competitive pricing for US shoppers. Eliminating these exemptions could increase costs for Pinduoduo and its sellers, potentially affecting its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80