U.S.-listed Chinese stocks led by Alibaba Group Holding (NYSE:BABA), PDD Holdings Inc (NASDAQ:PDD), and Baidu, Inc (NASDAQ:BIDU) gained on Thursday after a federal court invalidated global tariffs enacted by President Donald Trump under the International Emergency Economic Powers Act on Wednesday. A three-judge panel, with appointees from the Reagan, Obama and Trump eras, ruled that the IEEPA doesn’t give the president unlimited power to impose tariffs. Reportedly, the Trump administration filed