Alibaba shares fell to $153.00 following the announcement of a 15% global flat tariff by President Trump, as the NASDAQ Composite dropped 1.14% amid rising trade tensions.
- The geopolitical shift is currently overshadowing the launch of the Qwen 3.5 AI model, which analysts previously praised for its cost-efficiency.
- Investors are increasingly concerned about the potential impact of new tariffs on international e-commerce margins and global supply chains.