TAL Education Group (TAL) saw its stock price plummet by 10.07% in Friday's pre-market trading, as U.S.-listed Chinese companies face 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, sending shockwaves through various sectors of Chinese companies listed on U.S. exchanges.

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 is a direct response to the sweeping tariffs implemented by U.S. President Donald Trump on Wednesday. The news has triggered a broad sell-off in U.S.-listed Chinese stocks, with companies across different industries experiencing substantial pre-market declines.

TAL Education Group is not alone in feeling the impact of this economic dispute. Other Chinese education firms, such as Gaotu Techedu Inc and New Oriental Education & Technology Group Inc, are also caught in the crossfire. The sell-off extends beyond the education sector, affecting e-commerce giants, EV manufacturers, and technology companies. Notable declines include Alibaba Group Holding falling 8.7%, JD.com Inc slipping 8.8%, and PDD Holdings down 8.2%. This widespread downturn underscores the far-reaching implications of the ongoing trade conflict between China and the United States.