The Trump administration has cut tariffs on cheap Chinese goods from certain shopping sites like Shein and Temu to as low as 30%.
Read More Report: U.S. Reduces Tariffs On Temu And Shein Shipments To As Low As 30%
Tag: e-commerce
Amazon launches first Kuiper internet satellites, taking on Starlink
The first 27 satellites for Amazon’s Kuiper broadband internet constellation were launched into space from Florida on Monday.
Read More Amazon launches first Kuiper internet satellites, taking on Starlink
US Postal Service ends China parcel suspension, works to reduce disruption
The U.S. Postal Service said it would accept parcels from China and Hong Kong again after a temporary suspension of shipping low-value packages duty-free to the United States.
Read More US Postal Service ends China parcel suspension, works to reduce disruption
US online holiday sales rise nearly 9% on mobile shopping boom, report shows
Online spending rose nearly 9% during the 2024 holiday season, with shoppers mainly using their smartphones to buy products ranging from TVs to LEGO sets.
Read More US online holiday sales rise nearly 9% on mobile shopping boom, report shows
Nordstrom Goes Private In New Deal, Acquired By Nordstrom Family And Mexican Retail Group
Department store chain Nordstrom will be acquired by its founding family and Mexican retailer Liverpool for $4 billion in an all-cash deal, going private at a time when high-end retailers are struggling with slower consumer demand.
Read More Nordstrom Goes Private In New Deal, Acquired By Nordstrom Family And Mexican Retail Group
Walmart, Amazon holiday spending rise as Target, Best Buy stumble, data shows
Walmart, Amazon and fast-growing e-commerce sites Shein and Temu saw record-breaking sales on Black Friday and Cyber Monday.
Read More Walmart, Amazon holiday spending rise as Target, Best Buy stumble, data shows