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China's cross-border e-commerce is booming, with daily parcel exchanges hitting 9 million and imports and exports in H1 of 2024 soaring to 1.22 trillion yuan ($170.47 billion), up 10.5% YoY. This rapid growth, driven by innovations in marketing and logistics, underscores China's increasing dominance in the global online market. #InvestinChina #IndustrialTrends #GoingGlobal #ChinaOpportunity #ForeignTrade https://lnkd.in/gSWNxdfq

Retail Today / Retail Renaissance: How China “The World’s Factory” is taking advantage of US weak tax laws. Chinese manufacturers love the American Consumer, “The purchasing power of the U.S. consumers is quite impressive.” Billions of packages from China are arriving every year skirting import duties, fees or taxes. #taxlaws They use a trade provision called “de minimis” rule, allowing China to ship packages under $800. in value. Creating an unfair advantage for Chinese companies vs American retailers. It amounts to a Duty-Free environment for companies like #temu and #shein. It’s so lucrative this “cheap stuff”, they ship “via Air Direct”! #environmentalresponsibility #substainability The ball is in Congress, during a election year. Will they remove this unfair advantage and support the Retail Industry in the US? Current employment in the retail industry stands close to 16 million workers! #retail #retailstrategy #retailindustry #retailtrends #shoppingexperience #shippingworldwide #chinamanufacturing #amazon #tiktokshop #TopRetailExperts

Buying goods from China has become easier than ever due to advancements in transportation and communication. But this process can still be overwhelming 😵 To help, our platform enables you to pay your Asian suppliers just like a local would. With fast and secure same-day and next-day transfers in CNH, EUR, USD, and HKD to Hong Kong and Mainland China. Learn more 👉 worldfirst.com #payments #suppliers #BusinessGrowth

US Introduces New Trade Regulations to Address China E-commerce Disparity The White House seeks to reduce package volume and increase transparency for goods from China Shein and Temu under scrutiny What does this mean for global trade and your business? Share your insights #entrepreneurs #businessleaders #ecommerce #business #globalbusiness #globaltrade #traderegulation #logistics

The Biden administration is tightening trade rules to close a loophole that lets platforms like Temu, Shein, and AliExpress bypass import tariffs on shipments under $800. This move could reshape their business models and reduce the flow of cheap Chinese goods. Stay tuned for the public comment period!   #globaltrade  #customs https://lnkd.in/g_vVMk5x

In recent news, the Biden Administration has proposed new trade measures that could affect your shopping habits on platforms like Temu and Shein. Under the current customs rule, known as the de minimis exemption, U.S. consumers can receive packages from China without tariffs if the value is under $800. This has enabled ultra-low prices on these popular apps. However, the White House is looking to change this. The Administration argues that this loophole not only harms American industries but also facilitates the entry of counterfeit goods and drugs into the U.S. They are proposing new tariffs on Chinese imports which could impact the affordability of items from Temu and Shein. This move brings up important questions: Will it limit consumer choices and hurt smaller businesses? And what will be the response from companies like Shein and Temu? It’s also worth noting that China's protectionist policies limit Amazon’s full range of services within the country, underscoring the need for fair trade practices on both sides. The proposed measures are not yet law, but they represent a significant shift in trade policy. The discussion around these changes highlights the ongoing debate about fair competition and global e-commerce. We encourage you to stay informed and share your thoughts. Join our community to keep up with the latest developments in international news. Explore our newsletters and groups for more insights: For new job openings: https://lnkd.in/e9cPAiyM   For motivational data: https://lnkd.in/eXDcCJ3F   For supply chain data: https://lnkd.in/ewtdhtQf   For CSWIP Preparation: https://lnkd.in/eYB_Q7sS   For trending news: https://lnkd.in/ekHTsN7W  #zulfiqarhaidershah #syedzulfiqarhaider #trendpulsewithsyed #sparkofbrilliance #TradePolicy #InternationalNews #Ecommerce #Tariffs #Temu #Shein #USTrade #GlobalEconomy #ConsumerProtection #BidenAdministration #CustomsRules #FairTrade #BusinessNews #TradeMeasures #EconomicImpact #GlobalCommerce #ChinaTrade #USEconomy #RetailNews #ShippingRegulations #MarketTrends #BusinessUpdates #PolicyChanges #TariffUpdates #InternationalBusiness #TradeExemptions #GlobalTrade #EconomicPolicy #ConsumerGoods #LegislativeNews #Marketplace #CounterfeitGoods #IndustryNews #GlobalEcommerce #TradeReform #SmallBusinessImpact #Protectionism #USChinaRelations #EcommerceTrends #PolicyDebate #EconomicChallenges #GlobalMarkets #TradeRestrictions #ShoppingTrends #USTradePolicy #BusinessLegislation #MarketImpact #TradeDiscussions

Gone are the days of complex payments and logistics hoops. Our #WorldFirst platform empowers you to pay your Asian suppliers effortlessly, just like a local. Fast, and secure transfers in CNH, EUR, USD, or HKD for seamless Hong Kong and Mainland China transactions. Unlock growth, simplify sourcing. Say hello to a world of possibilities. Learn more & streamline your Asian imports today! https://lnkd.in/eBymxc5f #BusinessGrowth #worldfirst #fastersaferpayments

America is being Temued with a loophole, ensuring that cheap stuff you do not need flows freely. This makes it easier to take advantage of the American consumer market to keep China’s factories running while the CCP is in power. A plan to restrict a trade provision known as the de minimis exemption could make it harder for China-founded e-commerce companies like Temu and Shein to ship to the U.S.—and could gum up an engine of recent U.S. advertising growth. The exemption allows shipments valued at $800 or less to enter the U.S. without duty and with little scrutiny. However, under a new rule, the U.S. said it plans to propose that parcels containing merchandise subject to tariffs under trade law will no longer be eligible for de minimis treatment. Administration officials said about 70% of Chinese textile and apparel shipments are subject to those tariffs and will now have to go through more formal channels to enter the U.S. #ecommerce #tariffs #digitaladverising #inflation #china

China's Parcel Boom Faces Western Scrutiny China's booming cross-border e-commerce sector, which includes everything from socks to phone chargers, is under the spotlight as the European Union plans to impose customs duties on low-value goods purchased online from retailers like Shein and Temu. This move, reported by the Financial Times, comes as U.S. authorities also increase oversight on import duty loopholes. Despite cross-border e-commerce growing by 20% year-on-year in 2023, contributing to 7% of China’s exports, Western policymakers are concerned about the flood of cheap goods from China. With exports rising a mere 0.6% to 23.8 trillion yuan ($3.38 trillion), the number of parcels under $800 entering the U.S. surged to one billion last year, with 70% originating from China. Beijing's efforts, which include developing 165 special industrial zones and proposing new warehouse construction abroad, have made this sector a strategic industry since 2015. However, the potential crackdowns could significantly impact consumption and the broader economy, affecting non-Chinese companies like Amazon as well. #ChinaExports #Ecommerce #TradePolicy #GlobalEconomy