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Last amazon.com, inc. earnings: 4/30 04:01 pm
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The 64-year-old has bought almost anything you can think of from the Chinese website. She has four shirts in her cart right now and regularly buys crafting items like yarn and beads (she has an entire yarn room and ordered 53 packages of a particular yarn she liked), and household items from rugs to furniture. For Scott, doing all of her shopping on the site is a “no-brainer.” “Everything here has come in from overseas anyway, so you're just cutting out the middle man, like the Walmarts, the Amazons,” she said. Millions of Americans have flocked to Temu and Shein, another Chinese e-commerce site, for their low costs. Chinese exports of low-value packages skyrocketed from $5.3 billion in 2018 to $66 billion in 2023, according to a congressional report But President Donald Trump's tit-for-tat trade war is now impacting those who rely on these relatively cheap Chinese products. He slapped 145% tariffs on imports from China and a 10% minimum tax on all other countries. And the “d
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