Nurphoto | Nurphoto | Getty Images Chinese bargain retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took effect Friday. In recent days, Temu has abruptly shifted its website and app to only display listings for products shipped from U.S.-based warehouses. Items shipped directly from China, … Read more
Andy Jassy, CEO of Amazon, speaks during an unveiling event in New York on Feb. 26, 2025. Michael Nagle | Bloomberg | Getty Images Amazon reported better-than-expected results for the first quarter, but it gave soft guidance for the current period as the company navigates uncertainty around President Donald Trump’s sweeping tariffs. The stock fell … Read more
The U.S. tariff rate on Chinese goods now stands at 145%, according to The White House. Spencer Platt | Getty Images News | Getty Images While recent news of United States President Donald Trump’s on-again off-again tariffs has led to wild swings in markets and shaken businesses globally, companies that rely on open trade between … Read more