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Category: Tariffs

Chinese shopping app Taobao joins DHgate in Top 5 on US App Store

The Chinese e-commerce marketplace app DHgate, which is now the No. 2 free iPhone app in the U.S., isn’t the only one that’s oddly benefiting from President Trump’s tariffs on U.S. imports from China. Another Chinese shopping app, Taobao, has now also entered the Top 5 as of Thursday. U.S. consumers began flocking to these…

Shein and Temu to raise prices for US shoppers in response to tariffs

Temu and Shein plan to raise prices for U.S. customers starting next week on April 25th, due to President Donald Trump’s tariffs on goods shipped from China, the Associated Press reports. The 145% tariff on products made in China, along with Trump’s decision to end a customs exemption that had allowed goods under $800 to…

Chinese marketplace DHgate becomes a top US app as trade war intensifies

The Trump trade war has gone viral on TikTok, pushing a Chinese e-commerce app, DHgate, to the top of the Apple App Store in the U.S. After Trump increased U.S. tariffs on Chinese imports by 145%, numerous Chinese suppliers and manufacturers began making TikTok videos explaining to consumers how the global luxury goods market actually…

Tech tariff exemptions are only temporary, according to Trump’s commerce secretary

The tech industry may not be safe from new tariffs, according to U.S. Commerce Secretary Howard Lutnick. The Trump administration announced Friday evening that consumer electronics such as laptops and smartphones would be exempt from the tariffs it unveiled earlier this month. (While Trump delayed many of those tariffs this week, he left a 10%…

Trump exempts smartphones, laptops, and semiconductors from new tariffs

The Trump administration is carving out big tariff exemptions for the tech industry. While President Donald Trump said Wednesday that he would delay many of the market-shaking tariffs that he’d announced the previous week, he kept a universal baseline 10% tariff in place, while also increasing tariffs on Chinese goods to 125% (on top of…

38 consumer startup founders lobby over Trump tariffs: One faces a surprise $200K bill

Small businesses could be crushed under President Trump’s increased tariffs, according to an open letter by 38 female consumer product founders. While Trump paused his tariff increases for 90 days for various countries – setting the rate at 10% for now  –  China’s was raised to 145%, which includes the previous 20% levy. In the…

At last, MrBeast weighs in on the global economic crisis du jour

Your 401k is suffering. The billionaires are fighting. The gamers are imperiled. Not even the penguins on McDonald Island, where no humans reside, have been spared. But at long last, 26-year-old YouTuber and chocolatier MrBeast has weighed in on President Donald Trump’s controversial plan to impose sweeping tariffs on imports. Jokes aside, the prolific YouTuber…

Apple might import more iPhones from India to side-step China tariffs

Apple is considering importing more iPhones from India to side-step the 54% additional tariffs on goods imported from China that U.S. President Donald Trump announced last week, the Wall Street Journal reported, citing anonymous sources. The company sees this as a short-term measure while it seeks to negotiate with the Trump administration to get an…

Apple might import more iPhones from India to side-step China tariffs

Apple is considering importing more iPhones from India to side-step the 54% additional tariffs on goods imported from China that U.S. President Donald Trump announced last week, the Wall Street Journal reported, citing anonymous sources. The company sees this as a short-term measure while it seeks to negotiate with the Trump administration to get an…

Analyst says Apple, Tesla have biggest exposure to Trump’s tariffs

Wedbush Securities analyst Dan Ives slashed his price targets for Apple and Tesla over the weekend as President Trump’s tariffs threaten to disrupt both businesses.  “The tariff economic Armageddon unleashed by Trump is a complete disaster for Apple given its massive China production exposure,” Ives said in a warning note over the weekend. “In our…

Trump gives Big 3 automakers one month reprieve for Canada, Mexico tariffs

President Donald Trump has delayed tariffs on automobile imports from Canada and Mexico for one month after requests from executives at the Big Three automakers — General Motors, Ford, and Stellantis — according to Politico. The reprieve comes less than two days after Trump issued 25% tariffs on all goods from the U.S.’s neighbors, which…

Keyboard maker suspends U.S. shipments over Trump tariffs on Chinese goods

The mechanical keyboard maker Qwertykeys announced Wednesday that it has suspended all U.S. product shipments owing to new tariffs levied by the Trump administration. The Guangdong-based outfit cites a February 1 announcement of 10% tariffs on imported Chinese goods as the motivating factor. “This new policy replaces all previous tariff exemptions, including the exemption for…

China may probe Intel for antitrust: report

Amid China’s retaliation to recently-announced U.S. tariffs, Intel may find itself in the hot seat with China’s regulators. China is apparently considering an antitrust probe into semiconductor giant Intel, according to reporting from the Financial Times. This would be in addition to the set of tariffs against the U.S. that China announced on Monday. Per…

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