New Tariffs on Chinese Imports Impacting US Consumers
A significant new tariff on millions of Americans’ purchases has just been implemented, causing chaos in online shopping. The end of the de minimis exemption means that cheap parcels from China will no longer be duty-free. Analysts warn that items purchased from retailers like Shein and Temu could see prices rise dramatically, with some products, such as a $119 swimsuit, jumping to $360 due to these tariffs. The closing of this loophole could push some retailers to reassess their business strategies in the US market. As Friday approaches, shoppers and sellers alike are bracing for the repercussions of these new import regulations.
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