Here's How Trump's Tariffs Could Affect Alibaba Stock
New York Times columnist Thomas Friedman wrote in his 2005 best-selling book The World Is Flat that countries are more interconnected than ever before. His premise from 20 years ago is still on target.
One downside of this "flat world" is that the trade policies of one country can cause shockwaves for businesses in other countries. We've seen this happen with President Trump's tariffs and threatened tariffs this year.
But some businesses and stocks are affected by tariffs less than others. Here's how Trump's tariffs could affect Alibaba Group Holding (NYSE: BABA) stock.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€127.80
-3.770%
The stock is one of the favorites of our community with 44 Buy predictions and 1 Sell predictions.
With a target price of 157 € there is a positive potential of 22.85% for Alibaba Group Holding Ltd ADR compared to the current price of 127.8 €.
