How will Trump’s tariffs impact the trade market?

Trump has engaged in several exchanges with China over the implementation and scale of tariffs on U.S. imports, prompting China to impose retaliatory tariffs.

Two popular China-based e-commerce sites, Shein and Temu, are the latest companies to be hit with 145% in imported taxes on Chinese-imported goods. According to its website, Shein relies on UPS as one of its carriers for shipping in the United States and uses the parcel delivery service for return shipping.

UPS also announced plans to reduce Amazon.com deliveries, a move it hinted at in a January report outlining efforts to cut millions of shipments. The retail giant accounted for 11.8% of the company’s total revenue in 2024, USA Today and CNBC reported.

“We are reducing the amount of volume we deliver for Amazon by more than 50% by June 2026,” Dykes said in a statement to USA Today. “Associated with this volume reduction, we are undertaking the largest network reconfiguration in our history. This effort has been combined with our Network of the Future initiative as both will help drive us to a more efficient network.”

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