The Trump administration is stepping back from the brink: After trimming China tariffs to 30% for 90 days, it reduced duties on low-value parcels from China to a still-high 54%.
Women aged 18–24 account for nearly a quarter of its user base worldwide, and the platform is dominant across Asia-Pacific, Latin America, and the Middle East, where it has hundreds of millions of users. Our take: TikTok is the reason ByteDance is in Meta’s orbit. ByteDance’s Chinese business is slowing, but TikTok has become its most valuable asset.
On Monday, US and Chinese officials reportedly announced a significant reduction of the recent tariffs that have led to economic uncertainty around the world.
Luxury brands rethink China approach as downturn drags on: Labels like Versace, Valentino, and Balenciaga are dialing back discounts, telegraphing exclusivity to wealthy shoppers.