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The Unexpected Winners of Trump’s Trade War

I thought I had outsmarted Donald Trump’s tariffs, but I was wrong. Well, at least sort of. On August 29, the US government officially ended an 87-year-old rule that allowed Americans to import small packages tariff-free. Known as the de minimis exemption, the policy had allowed shipments under a certain value threshold—$800 in recent years—to clear customs without paying any duties. Policymakers have been debating changing de minimis for years, but when it finally happened, the move still sent

Luigi Mangione's likeness used to model shirt on Shein

Luigi Mangione's likeness used to model shirt on Shein A spokesperson from Shein told BBC News: "The image in question was removed immediately upon discovery." It is thought the product he appeared to be modelling was on sale for just under $10 (£7.50). An image with his likeness, which appeared to show him wearing a white, short-sleeved shirt, appeared on the fast-fashion website until its removal. Fast-fashion giant Shein has launched an investigation after an image of Luigi Mangione - acc

Shein reportedly weighs moving back to China in a bid for Hong Kong IPO approval

Shein is considering moving its base back to China from Singapore in a bid to convince Beijing authorities to approve the e-commerce company's Hong Kong initial public offering, according to a Bloomberg report on Tuesday. The report said that Shein had gone so far as to consult lawyers about setting up a parent company in mainland China, citing people familiar with the matter. However, it added that there was no guarantee that Shein would act upon the preliminary discussions. Shein, which sour

Trump suspends trade loophole for cheap online retailers globally

E-commerce giants everywhere felt the sting Wednesday when President Donald Trump announced that the US will be "suspending duty-free de minimis treatment for low-value shipments" worth $800 or less from anywhere in the world. Americans will likely soon feel the crunch, with one recent study estimating that the cost of eliminating the trade loophole overall to US consumers could fall between $10.9 billion and $13 billion while "disproportionately" hurting "lower-income and minority consumers" w

Mexico’s President Has Had Just About Enough of Elon’s Exploding Rockets

After a string of failed test flights and exploding rockets, Mexico has had enough of its neighboring SpaceX facility. Mexico’s President Claudia Sheinbaum is threatening to sue over possible contamination from SpaceX’s rocket launches that sometimes rain bits of debris across the nearby border. During a news conference on Wednesday, Sheinbaum said she was looking into filing the necessary lawsuits against SpaceX’s possible violations, The Guardian reported. “There is indeed contamination,” She

Mexico issues legal threat to Google

John David Mercer-USA TODAY Sports On Jan. 20, United States President Donald Trump signed an executive order renaming the “Gulf of Mexico” to “Gulf of America.” Last week, Google Maps officially changed the name of the gulf on its maps, sparking a flurry of memes and conversation on social media, and Mexico is now threatening legal action if they don’t change it back. In a press conference on Monday, Mexican President Claudia Sheinbaum said that Mexico will sue Google if the company does not