Amid a steady stream of new trade policies in President Trump’s first three months in office, there is one that Andy Musliner, who owns a small toy business in Maryland, can get behind. That’s the ending of a duty-free loophole for cheap goods from China. Mr. Trump this month scrapped …
The Trump administration on Friday officially eliminated a loophole that had allowed American shoppers to buy cheap goods from China without paying tariffs. The move will help U.S. manufacturers that have struggled to compete with a wave of low-cost Chinese products, but it has already resulted in higher prices for …
Small-ticket items shipped to the United States from China will no longer be exempt from tariffs starting on Friday, when a decision by President Trump to shutter a shipping loophole he calls a “scam” takes effect. The move is expected to send ripples through the economy as American consumers, who …
Cassandra Orakpo had enough. Too much, in fact. Shopping on her phone had become so easy it had turned into a bad habit. She bought a cake decorating kit, thinking she’d make her own birthday cake, and never even took it out of the box. She has at least 80 …
Rows of white concrete buildings near the Pearl River in southern China house one of the world’s fastest-growing industries: Gritty workshops are churning out inexpensive clothing that is exported straight to homes and small businesses around the world. No tariffs are paid, and no customs inspections are conducted. The laborers …
There’s a new parlor game on Wall Street: guessing TikTok’s next owner. President Trump signed an executive order in January that delayed enforcement of a law that banned the popular video app. Under the order, the app must now be sold to a non-Chinese owner by early April. Since he …
President Trump’s decision to impose hefty tariffs on Canada, Mexico and China included a little-noticed but significant change to how online purchases will be taxed when they enter the United States. One provision of Mr. Trump’s executive order will increase costs for more than 80 percent of U.S. e-commerce imports. …
For more than six years, Amazon Web Services, the world’s largest cloud computing company, provided technical support to deliver TikTok videos to tens of millions of Americans. But over the weekend, Amazon faced a dilemma. A new law was taking effect banning TikTok, owned by the Chinese company ByteDance, in …
Lauren Eager got into thrifting in high school. It was a way to find cheap, interesting clothes while not contributing to the wastefulness of fast fashion. In 2015, in her first year of college, she downloaded the app for Poshmark, a kind of Instagram-meets-eBay resale platform. Soon, she was selling …
Last Updated:November 16, 2024, 13:31 IST In India, millennials and Gen Z are revolutionising the beauty sphere by emphasising quality for money, inclusion, and creative formulas. Traditional luxury is giving way to more reasonably priced indulgence in the Indian beauty business as e-commerce and influencers become more popular. Millennials and …