It was a mix of surprise and bewilderment in Brussels last week when European Commission President Ursula von der Leyen, a notable China hawk, floated the prospect of cutting new “agreements” with Beijing, and then added for the second time this year that the pair could “even expand trade and investment ties”. Her remarks were…
Graphic: Images: Christopher Furlong, Anna Moneymaker, Alfredo Astrella/AFP, Drew Angerer Elon Musk’s Department of Government Efficiency is here, and defense contractors can’t wait for the “revolution” to reach the Defense Department. So far, his focus has been on other areas, but they’re betting that Musk — himself a defense contractor through SpaceX — slashes a…
President Trump’s tariffs could reshape one of retail’s most booming sectors: fast fashion. Hefty taxes on imports from the biggest U.S. trading partners have been averted at least temporarily by Mexico and Canada but not China, which had an additional 10% tariff imposed on its goods this week. Trump’s aggressive move, which triggered a measured…
Topline President Donald Trump’s tariffs and trade policy changes are expected to drive price increases across an array of consumer goods when they go into effect this week, from large purchases like cars and lumber to everyday groceries including meat and fruit, as well as products from popular online overseas retailers Temu and Shein. The…
In a matter of hours, the USPS said it had suspended and then resumed accepting parcels from China and Hong Kong. The head-spinning move comes as the carrier develops a way to collect tariffs on small packages. Parcels worth less than $800 were previously exempt from tariffs, but Trump has ended that policy. Americans on…
The United States Postal Services has abruptly stopped accepting all packages from Hong Kong and China until further notice, according to an international service disruption notice posted on the USPS website. The move comes after China imposed retaliatory tariffs on US imports, including coal and liquified natural gas, in response to President Trump’s executive order…
By Dhwani Pandya MUMBAI (Reuters) – Reliance Retail has launched an app in India to sell fashionwear from China’s Shein under a licensing deal, almost five years since Shein’s app was banned in the country after getting caught up in a diplomatic tussle. Reliance, owned by billionaire Mukesh Ambani, launched the app on Saturday morning,…
Consumers are relying more on shopping apps for personalized shopping experiences. Retailers are trying to meet the growing demand for digital commerce, allowing shoppers to browse and buy products easily from any location. PYMNTS’ Provider Ranking of Shopping Apps offers a comprehensive look at the shopping apps that are excelling in this competitive landscape. The…
Temu tops 2024 Apple App Store downloads, surpassing TikTok and ChatGPT in popularity. The Chinese e-commerce app offers big discounts on a wide range of products. Americans appear to be exploring budget-friendly options through in-app deals. The App Store favorites of 2024 include social media platforms and one popular AI assistant, but the most downloaded…
Vietnam has recently ordered both Temu and Shein, Chinese cross-border shopping platforms, to suspend operations, following a similar move by Indonesia. Analysts say businesses and officials believe the Chinese platforms pose a significant threat to local small- and medium-sized enterprises, forcing authorities to take countermeasures. VOA Mandarin reports that more countries are expected to roll…