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0.00213145918543698 0.00627916354628725 0.0173685120110606 0.0101388328820784 -0.0107437064347025 0.0194999711964974 0.0169474048044242 0.0162739789158363
Stock impact report

The tariff loophole that drove Shein and Temu to fast-fashion dominance is closing in a month [Yahoo! Finance]

Amazon.com, Inc. (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The hugely popular program accounted for 1 billion shipments to the U.S. in 2023. It's finally ending after an executive order from President Trump. In a few short years, the American e-commerce landscape has become dominated by a pair of China-based upstarts. Shein and Temu were virtually unknown in the U.S. prior to the pandemic. Today, Shein is a fast-fashion juggernaut preparing for a London IPO , bringing former mall stalwart Forever 21 to the brink of bankruptcy and causing serious financial challenges for H&M and Zara. Temu, after an aggressive campaign of discounts and ads exhorting viewers to “ shop like a billionaire ,” is today the second-biggest shopping app after Amazon , according to Bloomberg , on track to generate $30 billion in sales. More than changing U.S. shopping habits, it's a loophole in tariffs that drove Shein, Temu, and competitors Alibaba and JD.com to the top of the e-commerce heap. And that loophole is shutting in just over a month. President Donald Show less Read more
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