Implikasi Kebijakan Tarif Impor Amerika Serikat Terhadap Kinerja Saham Alibaba Group Holding Limited

Abstract

This study aims to examine in depth how these policies affect the stock performance of Alibaba Group Holding Limited, one of China’s largest technology companies with global exposure. The research employs a quantitative approach using secondary data collection techniques sourced from stock market records and economic publications. The data were analyzed to identify stock movement patterns before and after the announcement of the tariff policy by the U.S. government. The results show that the import tariff policy had a negative impact on Alibaba’s stock value, with a cumulative decline of 20.75% within two weeks following the policy announcement. A significant drop was recorded on April 4, 2025, amounting to 9.89%, coinciding with the official announcement of the tariff policy by President Donald Trump. This indicates that external economic policies, especially protectionist ones, can exert substantial pressure on the stock market, particularly for companies heavily involved in international trade. These findings reaffirm that a company’s stock performance is not solely determined by internal factors such as operational performance or business strategy, but is also highly influenced by global economic conditions and foreign policy decisions that can create widespread market uncertainty.