Americans are likely to pay more for products from popular Chinese e-commerce platforms like Shein and Temu as the U.S.
The removal of the provision, which benefitted fast-fashion retailer Shein and the marketplace Temu, could lead to higher prices and delays for shipments.
The U.S. Postal Service announced that it will stop accepting inbound package deliveries from China and Hong Kong.
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Levi expects its sales to slow in the current fiscal year because of the strong U.S. dollar and one fewer selling week.