Wednesday, July 16, 2025
News Wave
No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
News Wave
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
No Result
View All Result
News Wave
No Result
View All Result
Home World

Trump tariffs take aim at trade loophole used by Chinese online retailers like Temu and Shein

2 February 2025
in World
0 0
Trump tariffs take aim at trade loophole used by Chinese online retailers like Temu and Shein
Share on FacebookShare on Twitter



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.

Full Article

Tags: aimAlibaba Group Holding LtdAmazon.com IncApple IncBreaking News: Technologybusiness newsChineseDonald J. TrumpeBay IncETSY IncInternetloopholeonlinePDD Holdings IncretailersSheinTariffstechnologyTemutradeTrump
Previous Post

Green finance in 2025: Opportunities for sustainable growth

Next Post

The Papers: 'Vlad's drone kills Brit boy' and 'fears of global trade war'

Related Posts

Who are the Druze and why is Israel bombing Syria to ‘protect’ them? | Conflict
World

Who are the Druze and why is Israel bombing Syria to ‘protect’ them? | Conflict

by My News Wave
16 July 2025
0

Israel conducted airstrikes in Syria, citing the need to protect the Druze minority amid clashes between Syrian government forces and Druze fighters. Osama Bin Javaid reports from Damascus, shedding light on the Druze community and their connection to Israel amidst the ongoing conflict. Explain It To Me Like I'm 5: Israel is helping the Druze people in Syria because they are in danger from fighting. Want More Context? 🔎

Read more
Trump calls Epstein controversy a “Hoax” and “bulls***,” denouncing “weaklings” in GOP
USA

Trump calls Epstein controversy a “Hoax” and “bulls***,” denouncing “weaklings” in GOP

by My News Wave
16 July 2025
0

President Trump dismissed the controversy surrounding his administration's handling of Jeffrey Epstein's case as a "Hoax," criticizing calls for transparency from within his party as weak. The Justice Department's internal review, which found no evidence of a client list related to Epstein, has sparked division among Trump's supporters, with some demanding further investigation and others defending the administration's stance. Explain It To Me Like I'm 5: President Trump called the controversy over Jeffrey Epstein's case...

Read more
You could soon copyright your face, body and voice in Denmark – here’s why
UK

You could soon copyright your face, body and voice in Denmark – here’s why

by My News Wave
16 July 2025
0

Denmark is considering a pioneering bill that would grant citizens copyright over their likeness, making it illegal to share deepfakes without consent, while allowing individuals to demand the removal of such content from social media platforms. This legislation aims to combat the misuse of AI-generated content, which has surged significantly, by providing victims with a means to reclaim their identity and seek compensation. Explain It To Me Like I'm 5: Denmark is proposing a groundbreaking...

Read more
Emma Watson has reportedly been banned from driving for six months
Canada

Emma Watson has reportedly been banned from driving for six months

by My News Wave
16 July 2025
0

Emma Watson has reportedly been banned from driving after being caught speeding in England, where she was recorded driving her blue Audi at 38 miles per hour in a 30-mph zone on July 31 last year. The actress, known for her role as Hermione Granger in the Harry Potter series, faces consequences following this traffic violation. Explain It To Me Like I'm 5: Emma Watson got in trouble for driving too fast and can't drive...

Read more
Israeli prime minister appears before Tel Aviv court in his corruption trial – Middle East Monitor
Middle East

Israeli prime minister appears before Tel Aviv court in his corruption trial – Middle East Monitor

by My News Wave
16 July 2025
0

Israeli Prime Minister Benjamin Netanyahu testified in his corruption trial at the Tel Aviv District Court, attended by U.S. Ambassador Mike Huckabee, amid ongoing wartime tensions and hostage negotiations. Facing charges in multiple cases related to bribery and media manipulation, Netanyahu is also wanted by the International Criminal Court for war crimes related to the ongoing conflict in Gaza. Explain It To Me Like I'm 5: Israeli Prime Minister Benjamin Netanyahu is in court because...

Read more
World reacts to Israeli attacks on Syria’s Damascus | Syria’s War News
World

World reacts to Israeli attacks on Syria’s Damascus | Syria’s War News

by My News Wave
16 July 2025
0

Israel has conducted air strikes in Damascus, targeting locations near the Syrian Ministry of Defence and the presidential palace, resulting in at least one death and 18 injuries. International reactions include condemnation from the U.S., Turkiye, the GCC, and Norway, highlighting concerns over escalating violence and its impact on regional stability and Syria's peace efforts. Explain It To Me Like I'm 5: Israel dropped bombs near important buildings in Syria's capital, causing injuries and deaths,...

Read more
News Wave

News Summarized. Time Saved. Bite-sized news briefs for busy people. No fluff, just facts.

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • Entertainment
  • Europe
  • India
  • Middle East
  • New Zealand
  • Sports
  • Technology
  • UK
  • USA
  • World

LATEST NEWS STORIES

  • JA on F1 podcast: The chase for power and money in F1 – two perspectives
  • Who are the Druze and why is Israel bombing Syria to ‘protect’ them? | Conflict
  • Trump calls Epstein controversy a “Hoax” and “bulls***,” denouncing “weaklings” in GOP
  • About Us
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In