Trade tensions between the U.S. and China continue to heat up
Trade tensions between the U.S. and China have flared once again, rattling financial markets and sending U.S.-listed Chinese stocks tumbling. President Donald Trump reaffirmed plans to impose an extra 10% tariff on all Chinese imports, set to take effect on March 4. In response, China vowed to retaliate, announcing its own tariffs on U.S. goods and launching investigations into American companies.
Among the stocks were JD.com Inc (NASDAQ:JD), one of China’s largest e-commerce platforms, and Li Auto Inc (NASDAQ:LI), a leading electric vehicle (EV) manufacturer.
At last check, JD.com stock was down 3.3% at $41.14, though the stock remains 18.1% higher year-to-date. The equity’s recent rally stalled near the $170 level, while today's pullback is finding support at its 20-day moving average.
Meanwhile, Li Auto stock was last seen 5% lower at $30.33. Despite the decline, LI is still 28% higher in 2025, hovering near its Feb. 26 nearly 12-month high of $33.12. However, the stock remains down more than 35% year-over-year.
While JD.com stock’s intraday options activity is relatively quiet, Li Auto stock is experiencing heightened trading volume. So far, 1,915 calls and 3,853 puts have changed hands -- double the typical volume for this time of day. The most active contract is the weekly 2/28 30-strike put, indicating traders may be hedging against further downside risk.