Close Menu
  • Home
  • AI & Technology
  • Politics
  • Business
  • Cryptocurrency
  • Sports
  • Finance
  • Fitness
  • Gadgets
  • World
  • Marketing

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Bitcoin Omitted From PARITY Act’s Tax Relief, BPI Urges Inclusion Of Miners

March 27, 2026

An XRP Key Indicator Just Flipped Bullish — and Most Traders Are Not Watching It

March 27, 2026

Kash Patel’s personal email account was accessed by hackers linked to Iran

March 27, 2026
Facebook X (Twitter) Instagram
  • Home
  • About US
  • Advertise
  • Contact US
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram
MNK NewsMNK News
  • Home
  • AI & Technology
  • Politics
  • Business
  • Cryptocurrency
  • Sports
  • Finance
  • Fitness
  • Gadgets
  • World
  • Marketing
MNK NewsMNK News
Home » China advises Shein against shifting supply chain, Bloomberg News reports
Finance

China advises Shein against shifting supply chain, Bloomberg News reports

MNK NewsBy MNK NewsApril 8, 2025No Comments1 Min Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


(Reuters) -Fast-fashion retailer Shein is facing opposition from the Chinese government over its plans to shift some production out of the country, Bloomberg News reported on Tuesday, citing people familiar with the matter.

China’s Ministry of Commerce has reached out to Shein and other companies, advising them against diversifying supply chains by sourcing from other countries, one person familiar with the matter told Bloomberg News.

Bloomberg News said it wasn’t immediately clear which other firms were contacted by the commerce ministry.

The requests came in the run-up to U.S. President Donald Trump’s announcement on reciprocal tariffs that have sent firms scrambling for alternative ways to avoid additional import levies, the person told Bloomberg News.

Shein did not immediately respond to a Reuters request for comment on the report.

Trump’s harsher-than-expected tariffs have roiled markets globally, wiping trillions of dollars in value across assets, and elicited strong rebuke from China and additional tariffs of 34% on all U.S. goods.

(Reporting by Sameer Manekar in Bengaluru; Editing by Mrigank Dhaniwala)



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
MNK News
  • Website

Related Posts

Rite Aid files for bankruptcy — again

May 6, 2025

How to Track Driver Performance Without Micromanaging

May 6, 2025

Ford says its Q1 profit fell by two-thirds and it expects a $1.5 billion hit from tariffs this year

May 6, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Iranian football players hold schoolbags in solidarity with girls killed in strike on Minab school

March 27, 2026

Sabalenka and Rybakina to clash again in Miami semi-final

March 27, 2026

Transgender athletes barred from female category events at Olympics

March 26, 2026

PM urged to postpone ‘unconstitutional’ PHF Congress meeting

March 25, 2026
Our Picks

Bitcoin Omitted From PARITY Act’s Tax Relief, BPI Urges Inclusion Of Miners

March 27, 2026

An XRP Key Indicator Just Flipped Bullish — and Most Traders Are Not Watching It

March 27, 2026

XRP At $10 Is Too Low? Analysts Share Where The Price Should Be

March 27, 2026

Recent Posts

  • Bitcoin Omitted From PARITY Act’s Tax Relief, BPI Urges Inclusion Of Miners
  • An XRP Key Indicator Just Flipped Bullish — and Most Traders Are Not Watching It
  • Kash Patel’s personal email account was accessed by hackers linked to Iran
  • XRP At $10 Is Too Low? Analysts Share Where The Price Should Be
  • Meta will fund seven new natural gas plants to power its biggest data center yet

Recent Comments

No comments to show.
MNK News
Facebook X (Twitter) Instagram Pinterest Vimeo YouTube
  • Home
  • About US
  • Advertise
  • Contact US
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2026 mnknews. Designed by mnknews.

Type above and press Enter to search. Press Esc to cancel.