The impact of over 100% tariffs imposed by the U.S. and China on each other begins this month. Chinese online shopping mall Temu has stopped direct shipping of Chinese parcel products to the U.S., following President Trump’s decision to end tax exemptions for imported parcels under $800. China is preparing to withstand the trade halt by relying on domestic consumption and seeking behind-the-scenes negotiations with the U.S., but there are concerns about whether the Chinese market can fully absorb the volume of exports to the U.S. and potential job losses.
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Auto-posted at: 2025-05-05 21:03:11