International

UK Online Sellers Face Major US Tariff Shake-Up

UK-based independent sellers on platforms like eBay and Amazon could face severe sales declines in the US due to new import rules proposed by Donald Trump.

UK-based independent sellers on platforms like eBay and Amazon could face severe sales declines in the US due to new import rules proposed by Donald Trump. Experts compare the impact to a “second Brexit.”

The new regulations will require all parcels containing Chinese-made goods entering the US to pay import duties—up to 15% on fashion items—plus an additional 10% tariff. The policy aims to curb competition from Chinese retailers like Shein and Temu but could also affect larger UK fashion brands such as Asos and Boohoo.

Previously, shipments under $800 were exempt from import tax, making cross-border sales easier. However, this loophole led to over 1 billion parcels entering the US tax-free, valued at $54.5 billion in 2023. The new rules, briefly introduced in February before being paused due to customs overload, are expected to be enforced soon.

The changes could raise costs by $30 to $50 per shipment and add customs delays of up to two days. UK businesses, already facing fierce competition, may struggle to remain competitive in the US market. Some retailers are now considering shifting production to countries like India, Bangladesh, or Turkey to avoid tariffs.

U.S. Economy

U.S. Economy Grows, But Tariff Concerns Shake Markets

In February 2025, the U.S. economy expanded at a 2.3% annual rate in the fourth quarter of 2024, supported by robust consumer spending.

International

Hong Kong Plans 10,000 Job Cuts and AI Investment to Tackle Deficit

Hong Kong is set to cut 10,000 civil service jobs by 2027 and invest heavily in AI to address its rising fiscal deficit.

U.S. Economy

Fed Warns Trump Tariffs Could Spike Prices

In recent developments, the Federal Reserve has issued a cautionary note regarding potential price hikes facing American consumers should President Donald Trump implement proposed tariffs.