US-China trade tensions are heating up again! đ„
Biden-Harris admin is upping tariffs on Chinese goods like EVs and solar cells, aiming to protect American businesses. But it's consumers who often feel the pinch. Companies like Skechers are rethinking their supply chains, but many still rely on China.
China isnât taking this lightly, promising retaliation. This back-and-forth impacts global trade, forcing companies to adapt and potentially raising prices.
E-commerce giants Temu and Shein are also in the crossfire. The US is closing loopholes that allowed them to avoid tariffs, which could mean higher prices for shoppers.
Stay tuned! đđ