President Trump’s tariffs target China, Canada, and Mexico, imposing a 25% tariff on goods from the latter two and a 10% tax on Chinese imports. The tariffs remove the de minimis trade provision, which allowed for duty-free shipments under $800, benefiting low-cost online retailers like Temu and Shein. These retailers have capitalized on the loophole to offer cheap products in the U.S., prompting Amazon to launch its own bargain outlet, Haul, which also relies on de minimis for importing goods from China. Amidst the clampdown, Amazon, eBay, and Etsy could benefit as they compete with Temu and Shein in the online marketplace.
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Grammys 2025: 39 Must-See Moments You Might Have Missed
The 2025 Grammys featured a star-studded red carpet with standout moments from Sabrina Carpenter, Taylor Swift, Jaden Smith, and Ye (fka Kanye West). The ceremony opened with a tribute to Los Angeles in light of recent wildfires, dedicated to first responders and those affected. Beyoncé arrived late while Trevor Noah's opening monologue garnered attention, with Chappell Roan appearing uncomfortable on screen. Full Article
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