China-focused exchange-traded funds (ETFs) and stocks of Chinese companies listed on U.S. exchanges fell Friday, after U.S. President Donald Trump said he was 澳洲幸运5官方开奖结果体彩网:planning to double the existing tariff on goods from China. 

On Thursday, Trump said that he would put an꧙ additional 10% tariff on products from China, adding to a 10% tariff he already imposed in early February. He𝄹 also said tariffs against products from Canada and Mexico will go into effect March 4. 

The iShares MSCI China ETF (MCHI) and the iShares China Large-Cap ETF (FXI)ཧ both fell more than 2% in intraday trading Friday. 

U.S. traded shares of Chinese conglomerate Alibaba Group Holding (BABA) and online marketplace JD.com (JD) were also down more than 2% while those of Temu parent PDD Holdings (PDD) were more than 4% lower. 

Chinese electric vehicle (EV) makers Nio (NIO) and Li Auto (LI) also lost ground, declining around 3%.

Still, Chinese shares have outperformed the S&P 500 this year, with the MSCI China ETF gaining 14% while the U.S. benchmark index is roughly flat.