Chinese retailers selling on Shein and Temu have been hit with a surprise 30% tariff levy on goods imported to the US from China and Hong Kong, following President Donald Trump’s recent tariff hikes. The development has caused logistical issues, with the Hong Kong postal department suspending parcel delivery to the US until further notice. This move comes as tensions between the US and China continue to escalate over trade disputes.
Source: https://www.bloomberg.com/news/videos/2025-02-07/shein-temu-retailers-feel-pain-from-trump-tariffs-video