The US-China trade war has escalated, with the US imposing tariffs on Chinese goods reaching up to 245 percent. This figure includes a new 145 percent tariff on all Chinese imports introduced by Trump, in addition to the existing 100 percent tariffs on electric vehicles and syringes from the Biden administration. In response, China had previously set 125 percent tariffs on US goods. The cessation of retaliatory measures by China was announced last week. However, the impact of these tariffs is now hitting global e-commerce platforms hard. Temu, a popular China-based online retailer, and Shein, which moved its headquarters to Singapore but still manufactures in China, are warning of price increases starting next week. The end of the de minimis exemption on May 2, which previously allowed duty-free imports for shipments under $800, has led to these platforms facing 90 percent tariffs. Starting June 1, retailers will also have to pay $150 tariffs on each individual package.
Crémieux
@cremieuxrecueil
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Feb 23 This weekend, the Trump administration rolled out a new rule:If your country imposes undue burdens on American companies, you get tariffs.This means anyone imposing a Digital Services Tax on American companies or restricting free speech on American platforms gets hit.
China Daily
@ChinaDaily
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Apr 17 As the #US ramps up #tariff pressure on Chinese imports, industry leaders and #trade experts are warning of rising inflation, supply chain disruptions and challenges for the thriving cross-border e-commerce sector that has connected consumers worldwide with #China’s manufacturing
Aaron Rubin
@AaronandML
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Apr 2 We’re adding 30-50% tariffs on all the major manufacturers of cheap apparel which will make your in-store purchases more expensive. But online will have 0% increase because 321 still exists so the overseas sellers shipping direct from overseas, still pay 0% tariffs.
Munchkin’s Nana
@Munchkinsnana
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Apr 8 This is happening to a friend of mine. She and her husband build farm implements and take orders months in advance. They’re being charged tariff surcharges on parts and are losing money on every order they fill. They also lost a big part of their retirement. They are not happy.
CHEFPK
@CHEFPK3
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Apr 4 Not to beat a not so dead horse, but a friend of mine has $100,000 in parts on a boat and in bound to the US.In Jan, he placed the order with the expectation that he would pay 10% tariffs or $10,000.Now, he is expecting to pay $54,000.He now has to consider laying one of
Aaron Levie
@levie
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Apr 5 It’s hard to overstate the negative impact of these tariffs if they go through. It will require broad price changes that the market likely won’t bear. That means companies have to reassess every aspect of their business on a dime. The ripple effects of this are vast.
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