Reported about 9 hours ago
President Trump has imposed new trade tariffs on China, Canada, and Mexico, removing a long-standing tariff exemption on packages valued under $800, which has significantly benefited e-commerce retailers like Temu and Shein. This change aims to combat the influx of cheaper goods from China, which critics argue complicates customs enforcement and allows potential illegal shipments. While Temu and Shein have started adapting their logistics strategies in anticipation of these tariffs, the overall impact is expected to challenge their rapid growth and could notably affect lower-income consumers who rely on discounted shipping.
Source: YAHOO