💨 Abstract

The U.S. is ending a tariff exemption for small parcels from China and Hong Kong, leading some retailers like Space NK and Understance to halt U.S. sales. Others, such as Shein and Temu, are seeking workarounds or increasing prices. The move exposes goods to tariffs of up to 145% and has disrupted global trade.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖