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
€143.60
-1.510%
With 47 Buy predictions and 1 Sell predictions Alibaba Group Holding Ltd ADR is one of the favorites of our community.
As a result the target price of 165 € shows a slightly positive potential of 14.9% compared to the current price of 143.6 € for Alibaba Group Holding Ltd ADR.
