The Chinese online market places Temu and Shein announce price increases, given the customs policy of US President Donald Trump. From April 25 they would ask for more for their products, it is said in a similar way of letters from the two companies as customers sent this week and are aimed at buyers on the American market.
Shein and Temu have a wide range of products ranging from toys to smartphones. They quickly grew in the US, but the most recently came under pressure because of the hard customs course that Trump rides against China. Both companies were initially not available for comment.
Trade requires temporary ending of Temu and Shein
The Austrian Rainer Rainer, Rainer, will recently demand the temporary end of Temu and Shein, given the latest developments in the American/China -Douane. According to him, the EU committee must “act immediately”. Temu and Shein violate “presumably repeated repeated EU legislation”. The EU has not yet focused on its enforcement instruments, “criticized.
Our exchanges clearly close in the minus
In the meantime, the American scholarships went back to the diving station in the late trade on Wednesday and closed with clear taxes. The technical sector in particular came under pressure. The Nasdaq composite fell by no less than 3.07 percent to 16,307.16 units.
In the American function Dow Jones, taxes were 1.73 percent, which fell to 39,669.39 points. The S&P-500 market width was reduced by 2.24 percent to 5,275.70 points.
Trump: “China must conclude similarities with us”
In the trade conflict between the US and China, US President Donald Trump sees the ball at Beijing: “China must conclude an agreement with us. We do not have to conclude a deal with them,” spokeswoman Karoline Leavitt quoted a statement from the president. Moreover, the US government has tightened the restrictions on AI chips deliveries to China, which, together with weak numbers, weighed on ASML’s shares on shares of the semiconductor sector.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
