BIDU is trading at 8.09% down now at $121.69 after major Chinese technology stocks tumbled on October 13, 2025, driven by renewed trade hostilities between Washington and Beijing. President Trump's threats of new tariffs against China sparked broad risk-off sentiment, leading to a sharp decline in Asian markets and a sector-wide sell-off among Chinese tech firms. Baidu was specifically cited as dropping 4.61% in Hong Kong trading, with the negative sentiment rippling across the region and impacting BIDU's US-listed shares. The downturn followed China's Ministry of Commerce stating it was 'not afraid' of a trade war after the US threatened 100% tariffs in response to new Chinese export controls on rare earth minerals. Although President Trump later softened his stance, the move did not immediately reverse the slide in Asian markets, and BIDU continued to trade sharply lower in the US session[2].