International trade, Retail industry, E-commerce, Trump administration, Small business, UK news, China, eBay, Amazon, Boohoo, Asos, Shein, Business, Economic growth (GDP), Online shopping, Brexit, Global economy, Fashion industry, Chinese economy, Asia Pacific, Economics, Politics, US politics, US news, Money, Foreign policy, European Union, Consumer affairs Business | The Guardian
End of ‘de minimis’ policy for Chinese goods also expected to hit bigger fashion retailers such as Asos and BoohooMany UK-based independent sellers on marketplaces such as eBay and Amazon could suffer a significant hit to US sales from planned changes to import rules under Donald Trump, with experts comparing the impact to a second Brexit.The new rules, which mean all parcels originating or made in China and being sold into the US must pay import duty – of as much as 15% on fashion items – and an additional 10% tariff, are also expected to impact bigger online clothing retailers such as Asos and Boohoo. Continue reading…
End of ‘de minimis’ policy for Chinese goods also expected to hit bigger fashion retailers such as Asos and Boohoo
Many UK-based independent sellers on marketplaces such as eBay and Amazon could suffer a significant hit to US sales from planned changes to import rules under Donald Trump, with experts comparing the impact to a second Brexit.
The new rules, which mean all parcels originating or made in China and being sold into the US must pay import duty – of as much as 15% on fashion items – and an additional 10% tariff, are also expected to impact bigger online clothing retailers such as Asos and Boohoo.
