AnewZ Morning Brief - 16th July, 2025
Start your day informed with AnewZ Morning Brief: here are the top news stories for 16th July, covering the latest developments you need to know....
Chinese e-commerce platform Temu has announced it will no longer sell goods directly from China to U.S. customers, shifting instead to U.S.-based sellers amid the closure of a long-criticized customs loophole.
Temu will now rely on locally based sellers in the United States to fulfill all customer orders, the company confirmed, effectively ending direct imports from China that once fueled its rapid rise in the U.S. market.
The change follows a regulatory crackdown on the "de minimis" exemption—a rule that previously allowed retailers to ship packages under $800 directly to U.S. consumers without paying import taxes or duties.
Temu and its rival Shein had heavily benefited from the loophole, using it to flood the U.S. market with ultra-low-cost goods. However, mounting bipartisan criticism led to the rule's revision, with both President Donald Trump and former President Joe Biden denouncing it for undercutting American businesses and enabling illegal imports.
“All sales in the U.S. are now handled by locally based sellers, with orders fulfilled from within the country,” Temu stated, adding that the shift aims to support local merchants and reduce logistical costs.
The company said it has been actively recruiting American firms to its platform in preparation for the transition.
The end of the de minimis advantage marks a significant shift for Chinese online retailers that had built global market share through low prices and fast international shipping. According to U.S. Customs and Border Protection, shipments under the exemption accounted for over 90% of all cargo entering the country.
Both Shein and Temu have recently acknowledged increased operating expenses due to changing global trade rules and tariffs, with price adjustments taking effect from April 25.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 10th July, covering the latest developments you need to know.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
Hollywood star Sydney Sweeney is reportedly the top contender to become the next Bond girl, as director Denis Villeneuve and Amazon look to modernise the James Bond franchise.
U.S. consumer prices rose at their fastest pace in five months in June, signaling the early impact of tariffs on inflation. However, subdued demand and falling service prices may keep the Federal Reserve cautious about rate changes.
Dashkesan Iron Ore LLC, a subsidiary of CJSC AzerGold, has signed an agreement with China's Sinosteel Equipment & Engineering Co., Ltd. to conduct a feasibility study for building a production chain the Dashkesan iron ore deposits complex.
Tesla's highly-anticipated entry into India has finally happened with the opening of its first showroom — nine years after CEO Elon Musk first hinted at its launch.
An Italian court has placed LVMH group's high-end Italian cashmere firm Loro Piana under judicial administration for a year after allegedly uncovering worker abuse inside its supply chain, in the latest in a string of cases that have tainted the image of Italy's luxury brand.
A Moscow court has ruled that the assets of U.S.-owned canned food company Glavprodukt be handed over to the Russian state, the TASS news agency reported late on Friday, ending a months-long legal tussle over the company.
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