New Oriental Education & Technology Group (NYSE: EDU) saw its stock plummet by 5.02% in pre-market trading on Thursday, as renewed US-China trade tensions weighed heavily on Chinese ADRs. The drop comes in the wake of the US government's decision to impose significant new tariffs on Chinese imports, escalating the ongoing trade war between the world's two largest economies.

The broader impact on Chinese stocks listed in the US was evident, with several major companies experiencing notable declines. While New Oriental Education was not specifically mentioned, the sector-wide sell-off affected a range of Chinese firms across various industries. Companies such as PDD Holdings, JD.com, NIO, Alibaba, and Baidu all saw their shares fall between 2% and 4% in pre-market trading.

The US move to impose a 34% reciprocal tariff on China, coupled with additional levies on all trading partners, has sparked concerns about potential retaliation from Beijing. China's commerce ministry has already expressed strong opposition to the tariffs, stating it will take counteractions to protect its interests. As tensions escalate, investors appear to be reassessing their positions in Chinese equities, leading to the observed downward pressure on stocks like New Oriental Education.