Hold onto your shopping carts, folks! 🛒 Cross-border e-commerce platforms are hiking prices for everyday goods in the U.S. and beyond, as skyrocketing tariffs—now hitting 145% for Chinese imports—force companies to pass costs to consumers. The move comes after recent trade policies by former U.S. President Donald Trump’s administration aimed at reshaping global economic dynamics.
Think this doesn’t affect you? Think again. From electronics 📱 to household essentials 🧴, prices are climbing faster than a TikTok trend. Analysts say the ripple effect could reshape how younger generations shop online, with platforms like Amazon and niche marketplaces feeling the heat.
‘It’s a double-edged sword,’ says trade expert Laura Chen. ‘While governments aim to boost local industries, consumers bear the brunt of rising costs. This could spark a wave of budget-conscious innovation in e-commerce.’ 💡
As wallet-friendly hauls get pricier, will Gen Z’s love for global goods survive the squeeze? Stay tuned.
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Cross-border platforms raise cost, tariffs affect consumers' wallets
cgtn.com