Hong Kong | Washington’s envisioned clampdown on the tax-free import of Chinese goods imposes one more layer of uncertainty on consumer sector mavens from Alibaba Group to Temu, who are already struggling to cope with a consumer crisis back home.
Alibaba and smaller rival JD.com sagged about 2 per cent in Hong Kong on Monday, as investors parsed the potential fallout from US plans to begin taxing packages worth less than $US800 ($1190).
