The president’s tariffs against China, Mexico and Canada eliminated a trade exemption used by low-cost retailers.
The tariff policy has received bipartisan backlash, with the likes of Rand Paul and Mitch McConnell coming out against them.
Amazon, eBay, and Etsy could benefit from Trump's executive order that removes the de minimis loophole, according to reports.
European consumer-advocacy group BEUC called out Chinese e-commerce company Temu for selling products it considers dangerous and in breach of the European Union's consumer-protection rules.
Trump tariffs could prove to be a positive for Amazon. They may help it win back its share from Shein and Temu.