WS #12755
US imposes 10% and 12.5% tariffs on 60 countries under Section 301, citing forced labor concerns; India gets lower 10% rate vs competitors' 12.5%. Shein reports profit decline but revenue growth ahead of Hong Kong IPO, with net income of $2.064B on $41.8B revenue.
US Imposes Section 301 Tariffs on 60 Countries
US imposes 10% and 12.5% tariffs on 60 countries under Section 301, citing forced labor concerns; India gets lower 10% rate vs competitors' 12.5%.
Shein reports profit decline but revenue growth ahead of Hong Kong IPO, with net income of $2.064B on $41.8B revenue.