Big Chinese stocks like Alibaba BABA+1.99% and Baidu BIDU +0.11% that have tanked on the escalating U.S.-China trade war could be delisted from American stock exchanges by President Donald Trump.
Wall Street considers it the nuclear option.
Treasury Secretary Scott Bessent hinted at delisting in a television interview last week.
“Everything is on the table,” Bessent told Fox Business when he was asked whether Trump would consider kicking off Chinese companies from the New York Stock Exchange and Nasdaq. The companies trade American depositary receipts, or ADRs.
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