Learn English: Trump's Tariffs: Big Trouble for Tech and Cheap Online Shopping (normal)

6 days, 18 hours ago

Trump's Tariffs: Big Trouble for Tech and Cheap Online Shopping

President Trump's new tariffs on inexpensive goods from China are causing major problems for big tech companies and online retailers.

Companies like Temu and Shein, known for their incredibly low prices, are now facing much higher import costs.

These increased costs force them to raise prices or reduce their advertising spending, impacting the profits of tech giants.

Meta and Google, which benefited immensely from the advertising revenue generated by these low-cost retailers, now see their income significantly reduced.

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Source

Original: NY Times (Business)

Tags

#Trump Tariffs #China Trade #Big Tech #Online Advertising #E-commerce

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