China’s ecommerce giants rally to shield economy from Trump tariff impact

China’s e-commerce players are perhaps the most exposed to the trade war, the exception to arguments that the country’s tech sector will be able to weather the storm.

If President Donald Trump’s tariffs hold, it would be devastating for the business models of PDD Holdings Inc.’s Temu, Shein, Alibaba Group Holding Ltd.’s international retailers, and the thousands of small Chinese companies making goods for export. But the levies have galvanized them to support each other in unprecedented ways. And Americans have simultaneously shown an unwillingness to let their access to cheap imports go.