On October 10, 2025, PDD Holdings Inc. closed at $124.27, down 5.32%, following major news that former President Trump threatened a 'massive' increase in tariffs on Chinese goods. This announcement triggered a broad selloff in Chinese e-commerce stocks, including PDD, as investors reacted to the heightened risk of U.S.-China trade tensions impacting business prospects. The news was reported by MarketScreener, a reputable financial news outlet, and aligns with the significant price decline observed in the latest trading session.