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China, Canada hit U.S. back with tariffs after Trump’s take effect
Bay Area Times
March 04, 2025
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Top stories today:
- China hits U.S. back with tariffs after Trump’s take effect
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0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. China, Canada hit U.S. back with tariffs after Trump’s take effect
The U.S. tariffed $525B of Chinese exports in Feb. and Mar. rounds, while China targeted $36B of U.S. imports:
15% of tariffs imposed by China on U.S. agricultural goods.
China also banned exports to some defense companies.
Mon.: Trump proceeded with the 25% tariffs on Canada and Mexico and doubled tariffs on China to 20%.
Canada announced phased levies on $107B worth of U.S. goods.
Would await Trump’s decision before reacting, Mexican President Sheinbaum said.
The S&P 500 was -2% on Trump’s tariff move, marking the worst selloff of 2025
NVIDIA shares -9% on tariff fears.
When it comes to online shopping, two names dominate the battlefield — Temu and Amazon. But what really sets them apart? Omnisend dug into the data, analyzing product listings, pricing tactics, and consumer trust on both platforms.
As a result, they’ve compiled a fascinating look into fierce competition, eyebrow-raising discounts, and growing concerns over brand imitation and fake reviews.
Here’s a glimpse of what they found:
Temu undercuts Amazon on price: Close product matches are 40% cheaper on average, saving shoppers around $13.37 per item
Product overlap is huge: 77% of Amazon-listed products have close equivalents on Temu, and one in 10 are identical
Brand imitation raises red flags: From blurred logos to copycat packaging, Temu products often mimic well-known brands
Discounts run deep: Temu’s slashing prices with up to 98% off in some categories, compared to Amazon’s 67% max discounts
Trust gap is real: Amazon’s review system is robust (50,000 reviews per product on average), while Temu trails behind with just 1,500, plus signs of potential review manipulation
So, who’s really winning — and at what cost?
*Sponsored.
3. CoreWeave’s revenue +737% YoY to $1.92B in 2024, net loss +45% to $863M, IPO filing reveals
