The profits fly to the neck
Actions that, one of the leading e-commerce companies listed on the American stock exchange, fell this week by over 13 percent, when the company announced that its profits during the first three months of the year fell to $ 14.74 billion (approx. $ 2 billion).
President of PDD Holdings said that Trade war between the USA and China “She made significant pressure on buyers.” In his opinion, the decrease in profit was caused, including changes in customs tariffs.
Before the announcement of a new customs policy by Trump’s administration ago and other Chinese sales platforms, e.g. Shein, benefited from tariff exemption. This allowed for sale and shipping of goods of low value to the US without the need to pay import taxes.
American customs challenge for e-commerce giants
At the beginning of May, Chinese giants e-commerce However, they stood in the face of high American duties, of 120 percent. In response, she declared that he would stop selling goods from China directly to American customers.
After temporarily alleviating commercial tensions between Washington and Beijing, customs rates for shipments of low value sent to the US were reduced to 30 percent. for 90 days.
BBC noticed that Chinese online stores They may have problems selling their products to customers from the European Union and Great Britain. The EU proposed an introduction of a fixed fee of two euros from each small package delivered directly to the client’s home. (PAP)
