TAL Education Group (TAL) saw its stock plummet 10.07% during Friday's trading session, as Chinese companies listed in the U.S. faced significant pressure following China's announcement of retaliatory tariffs on American goods. The sharp decline comes amid escalating trade tensions between the world's two largest economies, triggering a broad sell-off in U.S.-listed Chinese stocks across various sectors.

The Chinese Finance Ministry declared on Friday that it would impose additional tariffs of 34% on all U.S. goods starting April 10. This move comes as a direct countermeasure to the sweeping tariffs implemented by U.S. President Donald Trump earlier in the week. The education sector, including TAL Education Group and peers like Gaotu Techedu Inc and New Oriental Education & Technology Group Inc, has been caught in the crossfire of this economic dispute.

The impact of the trade conflict extends beyond the education sector, with e-commerce giants, EV manufacturers, and technology companies all experiencing substantial declines. This widespread downturn underscores the far-reaching implications of the ongoing trade tensions between China and the United States, creating uncertainty for investors and putting pressure on U.S.-listed Chinese stocks across the board.