Alibaba’s Taobao surges in popularity in US as Trump tariffs boost Chinese shopping apps
- Viral videos on TikTok promote Chinese factories and shopping apps to American consumers.
- President Trump's tariffs on Chinese goods prompted these factories to seek direct sales.
- Factories claim to supply luxury brands, while offering goods at significantly lower prices.
- One video claimed a $38,000 Hermes bag has a $1,400 production cost; another quoted $50 Louis Vuitton bags.
- Downloads of Chinese shopping apps like DHgate and Taobao surged, yet "buyer beware" applies to quality.
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American shoppers are flocking to Chinese apps as the trade war hits home
Hermès handbags and Lululemon (LULU) yoga pants — but for a fraction of the price? Savvy U.S. shoppers looking for workarounds for tariff hikes have turned their attention directly to China, where they’re being introduced to alternative markets.Read more...
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