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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NATO to coordinate regular and large-scale arms deliveries to Ukraine
BRUSSELS — NATO has begun coordinating regular deliveries of large weapons packages to Ukraine, following significant contributions from the Netherlands and Sweden for air defense and military aid. As Russia intensifies its attacks, these supplies, primarily sourced from the U.S., are aimed at addressing Ukraine's urgent battlefield needs, with NATO allies preparing packages for rapid deployment. Want More Context? 🔎
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