Alibaba’s Taobao surges in popularity in US as Trump tariffs boost Chinese shopping apps
- Viral videos on TikTok promote Chinese factories and shopping apps to American consumers.
- President Trump's tariffs on Chinese goods prompted these factories to seek direct sales.
- Factories claim to supply luxury brands, while offering goods at significantly lower prices.
- One video claimed a $38,000 Hermes bag has a $1,400 production cost; another quoted $50 Louis Vuitton bags.
- Downloads of Chinese shopping apps like DHgate and Taobao surged, yet "buyer beware" applies to quality.
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U.S.-listed Chinese stocks like Alibaba, JD.com, and PDD Holdings may soon face delisting risks due to escalating trade tensions and new policy guidance.
American shoppers are flocking to Chinese apps as the trade war hits home
Hermès handbags and Lululemon (LULU) yoga pants — but for a fraction of the price? Savvy U.S. shoppers looking for workarounds for tariff hikes have turned their attention directly to China, where they’re being introduced to alternative markets.Read more...
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