🇻🇳 Vietnam asks for a timeout

+ See which stocks tumbled after China's reciprocal tariffs

April 04, 2025

In partnership with

Good evening. Another day, another bloodbath. China fired back with a 34% tariff on all U.S. goods. Investors had been hoping other countries would hold off and try to negotiate with Trump. But now, fears of a full-blown trade war, and possibly a recession, are starting to set in.

Nasdaq
⬇︎5.82%

S&P 500
⬇︎5.97%

Dow Jones
⬇︎5.50%

⬆︎⬇︎ 1-day change
Market data: today’s market close

WINNERS

⬆︎11.33% GameStop

CEO Ryan Cohen is not giving up on a turnaround. The struggling video game retailer jumped into the spotlight after he bought over $10 million worth of shares. The company’s been closing stores as gaming moves online and recently dipped into Bitcoin—but that didn’t impress investors. Like always, it’s hype over profits fueling this meme stock ride. (Barron’s)

⬆︎5.10% Deckers

Vietnam is not backing down. It’s asking for a three-month delay on Trump’s steep 46% tariffs so it can negotiate a better deal. That’s good news for U.S. companies like the maker of UGG and HOKA, who relies heavily on Vietnamese factories. The possibility of relief lifted other apparel stocks like Nike, Lululemon and Crocs. (24/7 Wall St.)

⬆︎⬇︎ 1-day change
Market data: today’s market close

IN PARTNERSHIP WITH MODE MOBILE

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*The Deloitte rankings are based on submitted applications and public company database research.

LOSERS

⬇︎9.89% Alibaba

The Chinese e-commerce giant is facing a double whammy. First, a new executive order scraps the “de minimis” rule that let sub-$800 packages skip tariffs—bad news for platforms like Alibaba, Temu, and Shein that relied on shipping cheap goods to U.S. buyers. And to no one’s surprise, China responded with a 34% retaliatory tariff of its own, triggering a selloff in Chinese stocks. (Yahoo)

⬇︎12.75% DuPont

The U.S. chemicals giant is under investigation in China, for allegedly violating the country’s anti-monopoly laws. DuPont made 19% of its revenue last year from China and Hong Kong, with factories in multiple cities and an R&D center in Shanghai. Details are still unclear, but the probe comes at a tense moment, with China matching Trump’s 34% tariffs. (WSJ)

⬆︎⬇︎ 1-day change
Market data: today’s market close

EXTRA

STOCKTWITS

You can track these stocks on Stocktwits using the following symbols: $GME ( â–˛ 3.16% ), $DECK ( â–˛ 2.4% ), $BABA ( â–˛ 2.09% ) & $DD ( â–˛ 2.82% ).

THE END

That’s it for today’s recap. We hope you found it valuable.

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