President Donald Trump threatened to impose an additional 50% tariff on China, on top of the existing 54%, if China does not cancel the 34% tariff recently imposed on U.S. imports. The U.S. tariffs were set in response to China’s actions, escalating tensions between the two countries over trade policies. The threat of further tariffs reflects the ongoing trade dispute between the U.S. and China, with potential economic implications for both nations.
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Temu adds ‘import charges’ after Trump tariffs
Summary Temu is implementing "import charges" of approximately 145% due to President Donald Trump's tariffs on goods from China, as reported by CNBC. These fees exceed the cost of the products purchased by U.S. consumers, in some instances more than doubling the price of a standard order. For example, CNBC highlighted that a summer item faced significant price increases as a result of these added charges. Full Article
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