President Donald Trump on Thursday revoked a nearly century-old tax loophole that saved companies from paying tens of billions of dollars in fees on cheap imports, most of which come from China.
More than 550 vendors are set to showcase their products at the Craft Brewers Conference and BrewExpo America, but experts told IBJ the conference goes far beyond the walls of the Indiana Convention Center.
Temu, which is owned by the Chinese e-commerce company PDD Holdings, and Shein, which is now based in Singapore, said in separate but nearly identical notices that their operating expenses have gone up “due to recent changes in global trade rules and tariffs.”
Says former Gov. Mitch Daniels: “If [tariffs are] the way of getting the attention of trading partners, … then I can understand it. All I can say is, if that’s the game, then it better work fast.”
Recent college graduates are starting careers at a time of sharp generational disconnect over how the workplace should operate and how younger employees should inhabit it.
The program, which is funded by the U.S. government but administered by states, earmarks at least 10 percent of the federal funding for transportation infrastructure to women- and minority-owned contracting firms.
Temu’s sales decline in the U.S. is deepening as the online marketplace drastically cuts spending on advertising targeting American consumers, signaling a shift in focus after President Donald Trump’s tariff barrage.
The health care system is making big changes, down to the smallest details, for the 864 patient rooms in the academic hospital system’s massive new downtown hospital.
Claire’s has nine locations in the Indianapolis area, including mall stores in Castleton Square, Clay Terrace, the Shops at Perry Crossing, Greenwood Park Mall and Hamilton Town Center.
Proponents of limiting the exemption argue that it has served as a way for China-founded retail platforms like Temu and Shein to flood the U.S. with low-priced goods.
