Trump Makes Chinese Stocks Great Again — Until Someone Mentions Tariffs

Group 1 - President Trump's optimistic remarks on U.S.-China trade negotiations have positively impacted U.S.-listed Chinese stocks, including NIO [1] - Chinese tech stocks, such as Alibaba, Baidu, NIO, and JD.com, have seen gains due to enthusiasm about AI, support for domestic semiconductor development, and easing U.S.-China tensions [3] - Reports indicate that Beijing has instructed local firms to stop purchasing NVIDIA AI chips and instead utilize domestic solutions, further supporting local tech stocks [2] Group 2 - A phone call between President Trump and China's Xi Jinping is scheduled to discuss the ongoing truce that has temporarily reduced tariffs and address disagreements over technology and intellectual property [4] - The temporary truce was agreed upon in response to warnings about inflation and product shortages, allowing time for further negotiations [5] - The unpredictability of Trump's rhetoric regarding tariffs poses a risk, as a return to higher tariffs could occur if negotiations do not progress positively [5]