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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2025 Grammy Awards live updates
The 2025 Grammy Awards are honoring top musicians, with Beyoncé leading nominations for her album "Cowboy Carter." Performers include Shakira, Billie Eilish, and Chappell Roan, while a tribute to Quincy Jones is presented by Will Smith, Stevie Wonder, and Janelle Monáe. Lady Gaga and Bruno Mars win best group/duo performance for "Die With a Smile," with Gaga advocating for the LGBTQ+ community. The show also pays tribute to the late Liam Payne, features a star-studded...
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