<div id="readability-page-1"><div><div>US-listed Chinese stocks led by Alibaba Group Holding BABA, PDD Holdings Inc PDD, and Baidu, Inc BIDU gained on Monday.Beijing and Washington agreed to lower tariffs on each other’s products temporarily, Bloomberg reported on Monday.The agreement will reduce U.S. levies of 145% on most Chinese imports to 30%, while China’s 125% duties on US goods will drop to 10% for a 90-day period.Also Read: Nvidia’s New Challenge: US Lawmaker Wants Company To Track Its Chips To Avoid Smuggling In ChinaAccording to the report, the deal followed weekend negotiations in Geneva.The Chinese electric vehicle companies, including NIO Inc. (NYSE: NIO), Li Auto Inc. LI, and XPeng Inc. XPEV, also noted strong upward momentum.Linda Lam of Union Bancaire Privee in Hong Kong told Bloomberg that the move would relieve corporates and consumers from runaway costs and remove an escalation overhang.In April, President Trump hinted at a significant reduction in tariff rates.During an investor summit, Treasury Secretary Scott Bessent acknowledged the impracticability and mutual challenges of a tariff war with China.Investors can gain exposure to Chinese stocks via the iShares China Large-Cap ETF FXI and the KraneShares Trust KraneShares CSI China Internet ETF KWEB.Price Action: BABA shares were trading higher by 6.46% at $133.43 at the last check on Monday.<ul> <li>Alibaba’s Fintech Arm Ant Group Eyes Hong Kong IPO For Ant International</li> </ul>Photo via Shutterstock</div></div></div>

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US-listed Chinese stocks, including Alibaba, PDD Holdings, and Baidu, saw gains following an agreement between Beijing and Washington to temporarily lower import tariffs. U.S. tariffs on Chinese imports will decrease from 145% to 30%, while China's tariffs on U.S. goods will drop from 125% to 10% for 90 days. This move is expected to alleviate costs for consumers and businesses. The agreement follows negotiations in Geneva, and shares of Alibaba rose by 6.46% to $133.43.

- US-listed Chinese stocks, including Alibaba, PDD Holdings, and Baidu, experienced gains following a temporary tariff reduction agreement between Beijing and Washington.  
- The U.S. will lower tariffs from 145% to 30% on most Chinese imports, while China will reduce its duties from 125% to 10% for 90 days, easing costs for consumers and businesses.  
- This agreement, reached after negotiations in Geneva, reflects ongoing discussions about the challenges of a tariff war, as noted by U.S. officials.

US Listed Chinese Stocks Rally As Countries Agree To Ease Import Tariffs