For Meta, Alphabet and other platforms, the elimination of the tariff exemption for inexpensive goods is already cutting into advertising revenue.

President Donald Trump has closed a tariff loophole that allowed Chinese e-commerce giants like Shein and Temu to sell low-cost goods in the U.S. without paying duties—a move that is expected to drive up prices for American consumers.

The Trump administration has officially closed a tariff loophole which China had long exploited to flood the U.S. with cheap

Nearly four weeks into a costly global trade war with no end in sight, Mr. Trump is facing a barrage of lawsuits from state officials, small businesses and even once-allied political groups, all contending that the president cannot sidestep Congress and tax virtually any import at levels to his liking.

LONDON >> With the end of a U.S. tariff exemption for small parcels today, some retailers have stopped selling to customers in the United States while others are seeking temporary workarounds in the hope the tariff rate may be reduced.

Small businesses plead with President Donald Trump for tariff exemptions to prevent recession. Advertisement. About Our Ads; Advertisement. Advertisement. Advertisement

Workers are betting that Trump’s tariffs will result in only temporary discomfort for the stock market and consumers while bringing back better jobs and wages. Trump signed an executive order aboard Air Force One as he flew to the Michigan rally easing some of his auto tariffs, which are scheduled to go into effect May 3.

Mercedes is set to “localize” a “core segment” vehicle line to its plant in Tuscaloosa, Alabama, by 2027, the automaker announced Thursday. The German company said it wanted to strengthen “our ties to the North American market” as President Donald Trump’s sweeping tariffs prompt some companies to relocate to the United States.