US tariff war hurting trade with China; Beijing ‘confident’ of hitting growth targets – business live

US tariff war hurting trade with China; Beijing ‘confident’ of hitting growth targets – business live - short news


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American customers of fast-fashion giant Shein are now feeling the impact of the trade war.

Shein raised the US prices of a swathe of products on Friday, Bloomberg reported, in anticipation of new tariffs on small parcels.

The average price for the top 100 products in the beauty and health category increased by 51% from Thursday, with several of the items more than doubling in price.

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source: The Guardian - 28.04.2025

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