Reported 1 day ago
A new U.S. tariff on Chinese-made products is expected to raise prices for various consumer goods, including fast fashion, electronics, and toys. The 10% tariff comes amid a trade dispute and will affect a significant portion of low-cost items previously imported duty-free. Companies like Shein and Temu, which rely heavily on Chinese products, may see slight price increases but remain competitive. Retailers are already adjusting strategies to cope with the tariff's impacts, projecting that consumers will ultimately bear the cost.
Source: YAHOO