Alibaba Group Holding Inc.’s (NYSE: BABA) U.S.-listed shares have been on a tear throughout 2025, more than doubling so far this year and reaching their highest since October 2021.
Mexico claims its tariff plan, which applies to nations without a free trade agreement, is designed to protect local jobs and industry; however, analysts view it as a move to appease the U.S.
The extension delays a significant tariff hike until November, preventing what could have been a virtual trade embargo and keeping rates lower during the crucial holiday import season.
The economist said that for the European Union and the U.K., the agreement significantly reduced the immediate threat of China rerouting exports to their markets.
