TAL Education Group (TAL) saw its stock price plummet by 5.03% in Friday's trading session, as U.S.-listed shares of Chinese companies faced a sharp selloff. The decline came in response to President Donald Trump's threat of a "massive" increase in U.S. tariffs on Chinese imports, reigniting concerns over the ongoing trade tensions between the two economic giants.

The impact of this announcement was felt across a wide range of Chinese firms listed on U.S. exchanges. E-commerce giants like Alibaba and JD.com experienced drops between 5.9% and 6.9%, while tech companies such as Baidu saw their shares slide by 7%. In the education sector, TAL Education Group was not alone in its decline, with peers Gaotu Techedu and New Oriental Education & Technology Group also falling between 3% and 4.8%.

This latest development underscores the vulnerability of Chinese companies, including those in the education sector like TAL, to geopolitical tensions and trade disputes. Investors are closely monitoring the situation, as any escalation in tariffs could potentially impact the operations and financial performance of these firms, leading to further market volatility.