Weibo Corporation (WB), the Chinese social media giant, saw its stock price plummet by 5.08% during Friday's trading session. This sharp decline comes amid a broader selloff in U.S.-listed Chinese stocks, triggered by President Donald Trump's threat to impose substantial new tariffs on Chinese imports.

The unexpected announcement from Trump signaled a potential escalation in the ongoing trade tensions between the United States and China. The President's warning of a "massive" increase in U.S. tariffs on Chinese goods sent shockwaves through the market, particularly affecting companies with significant exposure to U.S.-China trade relations.

Weibo was not alone in feeling the impact of this geopolitical turbulence. Other major Chinese tech and e-commerce firms listed in the U.S. also experienced significant declines. Alibaba Group Holding, JD.com, and PDD Holdings saw their shares fall between 5.9% and 6.9%. The selloff extended to various sectors, including electric vehicle manufacturers, online education firms, and financial technology companies, underscoring the broad-based nature of investor concerns over the potential economic fallout from heightened trade tensions.