DE MINIMIS
Global economy already feeling drag from Trump tariffs
President Trump's tariffs are disrupting the global economy, causing businesses to cut sales targets and revise plans amid uncertainty. Major economies are downgrading growth forecasts, and factory activity is slowing. While some countries like India may benefit, the tariffs are largely seen as a negative shock, potentially leading to central bank interventions and prompting economic reforms.
US calls out China's unfair trade practices as 28 textile plants shut down
The United States has issued a strong warning regarding China's unfair trade practices in the textiles and apparel sector, highlighting non-market policies that give Chinese manufacturers an unfair advantage. This has led to the closure of 28 US manufacturing plants in the last 22 months. In 2024, the US imported $79.
Trump's tariff on cheap Chinese imports will cost Big Tech billions
The end of a US tariff exemption for low-cost Chinese imports has disrupted the business model of online retailers like Temu and Shein, which relied on cheap shipping and heavy digital advertising. Now facing tariffs up to 145%, both firms have cut ad spending sharply, impacting tech giants like Meta and Google that had benefited from their marketing splurge.
Donald Trump's Tariff on cheap Chinese imports will cost Big Tech billions
The end of a key US tariff loophole has forced Chinese retailers Temu and Shein to cut advertising and raise prices, disrupting their low-cost business model. Once major online advertisers, both have sharply reduced spending, impacting platforms like Meta and Google, which had benefitted from their aggressive digital ad campaigns.
US ends duty-free shipping loophole for low-cost goods from China
The United States has ended a tariff exemption for Chinese goods under $800, impacting e-commerce giants like Shein and Temu. This move, justified by the White House as countering opioid flows, imposes tariffs up to 145% and is part of an escalating trade conflict between the US and China.
Shein, Ford, Procter & Gamble and more: Full list of American companies raising prices due to Trump's tariffs
President Donald Trump warned of short-term pain resulting from his tariffs and that pain has arrived in the form of higher prices. A wide range of products — from car tires to clothing, many of which are produced in China — have seen price hikes in recent weeks as retailers face increased costs due to tariffs. Companies like Ford, Shein, Procter & Gamble, Amazon are some of the big names that are raising prices due to Trump's tariffs.
Amazon sellers are stocking up in the face of tariffs, but it's a short-term fix
Amazon is grappling with the potential impact of tariffs on its third-party sellers, who are currently stocking up to mitigate the effects. However, analysts predict that price increases and margin pressures are inevitable in the coming months as inventories deplete.
Temu ditches Chinese imports model to avoid Trump’s tariffs
Temu, known for its cheap Chinese imports, is shifting to a "local fulfillment" model, focusing on US-based merchants to avoid tariffs and maintain prices. This move comes as retailers like Shein and Alibaba face rising import taxes and the end of tariff exemptions. Temu aims to help local businesses and improve service levels amidst these challenges.
De minimis ends: Consumers to pay the price as Trump kills 'big scam' that helped China's Shein, Temu
De minimis US-China tariff: The US has ended the de minimis exception, imposing tariffs on small packages from China and Hong Kong, a move criticized by Trump as a "big scam." This decision is expected to raise prices for American consumers buying from platforms like Temu and Shein, and impact independent online sellers.
As Trump moves to tax small parcels, some retailers give up on US
The U.S. has ended the de minimis tariff exemption for small parcels from China and Hong Kong, leading some retailers to halt U.S. shipments due to potential 145% tariffs. Companies like Space NK and Understance have paused e-commerce orders, while others, such as Oh Polly, are raising prices.
Cheap parcels from China will no longer be duty-free. Here's what it means for buyers and sellers
The Trump administration's termination of the de minimis rule on low-value imports from China is set to cause higher prices and delivery delays for consumers. Businesses reliant on Chinese sourcing must adapt, while U.S. manufacturers may benefit from reduced competition.
How a US tax loophole supercharged China's exports
A recent policy shift ended tariff-free imports from China to the United States. This change impacts both American shoppers and Chinese exporters. Prices are rising for consumers in America. Factories in China are facing closures and job losses. The trade tensions pose a challenge for China's economic growth. Businesses are now seeking new markets in Europe and Southeast Asia.
Snap holds off Q2 guidance on macro threats to ad revenue
Snap, the parent company of Snapchat, did not provide formal guidance for the second quarter citing economic uncertainty, even as the company's first-quarter revenue exceeded expectations. Revenue grew by 14% to $1.3 billion. Daily active users also increased by 9% to 460 million. Ad revenue for the period rose 9%, primarily driven by direct advertising.
Snap shares slump 15% as scrapped forecast stokes ad slowdown fears before Meta earnings
Snap shares plummeted after the company cautioned about a slowdown in ad spending, fueled by tariff-related economic uncertainties. Chinese e-commerce giants Temu and Shein have significantly reduced their ad spending on major social platforms. Snap's CFO attributed this decline partly to changes in the de minimis exemption, impacting duty-free imports.
Shein weighs US restructuring as tariff risks cloud London IPO: Report
The US business, which generates roughly one-third of Shein's $38 billion annual revenue, is expected to face significant pressure as a tax exemption known as "de minimis" is set to end this week, the report said.
Shein hikes US prices as much as 377% ahead of tariff increases
Most of the hikes in US prices came on Friday, with markups significantly higher in some categories than others, according to data compiled by Bloomberg News. The average price for the top 100 products in the beauty and health category increased by 51% from Thursday, with several of the items more than doubling in price. For home and kitchen products and toys, the average jump was more than 30%, led by a massive 377% increase in the price of a 10-piece set of kitchen towels. For women’s clothing the rise was 8%.
Shein and Temu set to get expensive in the US from April 25: Here’s how you can still save money
Shein and Temu, both Chinese e-commerce sites, are set to increase prices for US consumers owing to increased tariffs imposed by US President Donald Trump. The ongoing trade war between US and China has hugely impaced such platforms.
Major brands from tech to fashion announce price hike due to Trump’s new tariffs: Here’s what will cost you more
With a sweeping 10% tariff now applied to nearly all imports, excluding critical sectors such as semiconductors and pharmaceuticals, businesses are adjusting their operations to adapt to the shifting trade environment.
How Trump might unwittingly cut emissions from online shopping
President Trump's move to close the de minimis tariff exemption on small packages from China and Hong Kong aims to level the playing field for U.S. retailers. This shift could significantly impact fast-fashion giants like Shein and Temu, potentially reducing the surge in airfreight emissions linked to their business models.
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