Reported about 13 hours ago
As the U.S. ends the duty-free treatment on small parcels under $800 from China and Hong Kong, many retailers have halted sales to U.S. customers or are raising prices significantly. This decision, resulting in tariffs up to 145%, has forced some small to medium-sized businesses to exit the market, while larger companies struggle to adjust amidst rising costs. The change disrupts e-commerce, especially for those dependent on Chinese goods, and might shift consumer behavior back towards physical stores.
Source: YAHOO