The expansion of the loophole for tariff-free shipments of goods nearly a decade ago gave rise to Temu, Shein and other low-cost online retailers offering items straight from Chinese factories at unfathomable discounts. It also unleashed something else — a cascade of billions of dollars of digital advertising that provided a windfall for Meta, Alphabet…
Temu, the Chinese e-commerce platform, has stopped shipping products from China directly to customers in the United States, a spokesperson for the company said on Friday. Instead, all of its U.S. orders will be shipped from local warehouses in America. The change comes as the Trump administration closed a loophole that allowed products made in…
The auditorium at Alibaba’s headquarters was packed with attendees, leaning against the wall and squeezing onto the stairs. Hundreds of Chinese small-business owners listened raptly as a stream of representatives from Alibaba, the Chinese online shopping giant, stepped onstage to reassure them of China’s resilience in the face of America’s eye-watering tariffs. “Since the beginning…
China also makes a lot of the things in your living room, but probably not everything. The TV is most likely from Mexico, for instance, and the couch from Vietnam. This is because since 2018, a curious shift has occurred: Americans began buying more furniture and appliances from countries other than China. During his first…
The 25 percent tariffs imposed by President Trump on imported cars have added to the pressures on vehicle manufacturers around the world, but the pain could be particularly acute in Britain’s venerable but flagging auto industry. Britain exports more than 70 percent of the cars that it makes. In 2024, it sent about 101,000 of…
The Chinese government is considering whether to exclude some essential products from its retaliatory 125 percent tariffs on American goods, said the head of an American business group in China. Officials from China’s commerce ministry canvassed businesses in China to identify imports from the United States that are crucial to supply chains and vulnerable to…
If the trade war between China and the United States is a game of high-stakes brinkmanship, it is currently a game that Beijing is not willing to play. Faced with growing claims by President Trump and administration officials that the two countries are engaged in talks and that a deal could be reached in a…
On March 11, about 50 judges gathered in Washington for the biannual meeting of the Judicial Conference, which oversees the administration of the federal courts. It was the first time the conference met since President Trump retook the White House. In the midst of discussions of staffing levels and long-range planning, the judges’ conversations were…
After weeks of bluster and escalation, President Trump blinked. Then he blinked again. And again. He backed off his threat to fire the Federal Reserve chairman. His Treasury secretary, acutely aware that the S&P 500 was down 10 percent since Mr. Trump was inaugurated, signaled he was looking for an offramp to avoid an intensifying…
Britain will not rush into a trade deal with the United States or change its food or car safety standards, Rachel Reeves, the British chancellor of the Exchequer, said in Washington on Wednesday. When asked about reports that the Trump administration wanted Britain to lower its tariffs on cars to 2.5 percent from 10 percent,…