Trump is killing this. The profits of the Chinese store have fallen by half

The owner of the Chinese online store ago, PDD Holdings, recorded a decrease in profits by 47 percent. In the first quarter of 2025 – BBC said. The president of Chen Lei assessed that this is the result of the commercial policy pursued by the US President Donald Trump.

Actions that, one of the leading e-commerce companies listed on the American stock exchange, fell this week by over 13 percent, when the company announced that its profits during the first three months of the year fell to $ 14.74 billion (approx. $ 2 billion).

The President of PDD Holdings said that the trade war between the USA and China “had a significant pressure on buyers.” In his opinion, the decrease in profit was caused, including changes in customs tariffs.

Before the announcement of a new customs policy by Trump's administration ago and other Chinese sales platforms, e.g. Shein, benefited from tariff exemption. This allowed for sale and shipping of goods of low value to the US without the need to pay import taxes.

At the beginning of May, however, Chinese e-commerce giants stood in the face of high American duties, of 120 percent. In response, she declared that he would stop selling goods from China directly to American customers.

After temporarily alleviating commercial tensions between Washington and Beijing, customs rates for shipments of low value sent to the US were reduced to 30 percent. for 90 days.

The BBC noticed that Chinese online stores may also have problems selling its products to customers from the European Union and Great Britain. The EU proposed an introduction of a fixed fee of two euros from each small package delivered directly to the client's home. (PAP)

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