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Recent trade disruptions and tariff changes have affected UK and US retailers, with some experiencing increased costs and delayed sales. Despite these challenges, UK firms report higher US sales, and some brands launch new products amid ongoing trade policy uncertainties. The story highlights the complex effects of tariffs and trade rules on retail businesses today.
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Rachel Reeves plans to close a UK customs duty loophole allowing small packages from Chinese online retailers like Shein and Temu to enter duty-free, aiming to level the playing field for domestic retailers. The move, announced in her 26 November budget, targets an industry loss of up to £600m annually.
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A 13-year-old boy in New Zealand ingested up to 100 high-powered magnets bought online, leading to emergency surgery for intestinal damage. Despite a ban since 2013, enforcement remains difficult as online marketplaces sell these dangerous products cheaply and without strict age verification.
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Goldman Sachs forecasts a 12% annual profit growth and 5-10% valuation expansion for Chinese stocks, despite recent setbacks from US-China tensions and market volatility. Analysts see medium-term earnings driven by AI, government reforms, and capital rebalancing, with upside potential through 2027.
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Chinese firms are increasingly exporting services, technology, and culture abroad, diversifying from traditional manufacturing. This shift is driven by domestic overcapacity and intense competition, with companies earning more revenue overseas. Goldman Sachs forecasts continued growth in China's overseas earnings, signaling a significant change in its economic model.
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France is investigating major online platforms including Vinted, Shein, AliExpress, Temu, and Wish for allowing illicit and inappropriate content accessible to minors. Authorities focus on illegal products and potential exploitation of children, amid broader efforts to regulate foreign e-commerce giants operating in France.
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The US and UK are ending or delaying exemptions on low-value imports, impacting consumers and retailers. The US ended its de minimis exemption in August, raising duties on packages over $800, while the UK plans to phase out its exemption by 2029, causing disruptions for small businesses and shoppers.