Impact of Tariff Changes on Chinese Retailers

What change is set to occur on May 2nd regarding Chinese imports?

• Increase in import limits

• Introduction of tariffs on goods under $800

• Removal of all tariffs

• Decrease in import taxes

Why are Shien and Timu significant in the global market?

• They manufacture goods in the US

• They are the only retailers in China

• They have rapidly grown to become major global retailers

• They only sell in China

How do Shien and Timu manage to sell products cheaply to American consumers?

• By partnering with local US stores

• By selling only luxury goods

• By avoiding tariffs and using efficient logistics

• By manufacturing in the US

What is the 'dimminimous exemption' related to?

• Goods manufactured in the US

• Goods sold exclusively in China

• Goods entering the US worth more than $800

• Goods entering the US worth less than $800

What challenges do Shien and Timu face in relocating their supply chains?

• Government restrictions in the US

• Inability to find new suppliers

• Lack of demand in new markets

• Higher costs and logistics issues

How has the Chinese government reacted to the potential relocation of suppliers?

• They have opposed it

• They have provided financial support

• They have remained neutral

• They have encouraged it

What percentage of Shien's products are thought to be sold in the US?

• 10%

• 30%

• 50%

• 70%

What is the broader implication of Trump's tariffs on Chinese trade?

• Decreased tariffs on Chinese goods

• More Chinese products in the US

• A trade war focused on China

• Increased trade with China

What is the expected future of companies like Shien and Timu?

• They will cease operations

• They will become more multinational

• They will focus solely on the US market

• They will only sell in China

What strategy have Shien and Timu been trying to implement to mitigate tariff impacts?

• Increasing prices

• Focusing only on the US market

• Becoming less Chinese and more multinational

• Reducing product quality