President Donald Trump has introduced a sweeping tariff policy aimed squarely at online retail giants such as Alibaba Group (NYSE:BABA), Amazon.com (NASDAQ:AMZN), PDD Holdings (NASDAQ:PDD), the parent of Temu, and fast-fashion heavyweight Shein.
The measure eliminates the long-standing tax-free treatment of low-value imports under $800, effectively closing what Trump described as a “catastrophic loophole” in U.S. trade policy.
