ToplinePresident Donald Trump's tariffs and trade policy changes are expected to drive price increases across an array of consumer goods when they go into effect this week, from large purchases like cars and lumber to everyday groceries including meat and fruit,

US ecommerce company Amazon had sought to counter the threat posed by cheap Chinese suppliers by launching the “Haul” brand offering products for less than $20 with shipping times of between one and two weeks. Now it may be able to avoid a “race to the bottom”, analysts said.

The European Union will increase customs checks on goods shipped directly by ecommerce retailers like Temu and Shein to EU consumers as it seeks to ensure fair competition and product safety, according to a draft of an official communication seen by Reuters on Monday.