GoodsFox Daily News (July 9, 2025): Tariff Deadline Extended to August, Supply Chains in Flux
- Trump Extends Tariff Deadline to August, Businesses Rush to Adjust Supply Chains
- Rakuten Acquires B2BTrade for $500M, Accelerates Expansion in Asia's E-Commerce Market
- Porsche's China Market Drops 28%, But Electric Vehicles See Rapid Growth
- Temu Surpasses eBay to Become the 3rd Largest E-Commerce Platform in the U.S.
- Lazada and Daraz Integrate 8-Country Markets, Launch "One-Click Sync" Feature
Trump Extends Tariff Deadline to August, Businesses Rush to Adjust Supply Chains
On July 7, President Trump signed an executive order. The tariff suspension deadline was extended from July 9 to August 1. He also imposed tariffs on 14 countries, including Japan and South Korea. The base tariff rate remains at 10%. U.S. Treasury Secretary warned that if no deal is reached by August, higher tariffs (25%-40%) will be reinstated. Chinese goods already face high tariffs, with a 54% total tariff rate (34% reciprocal + 20% original). The exemption for packages under $800 will also be removed. This will end the low-cost direct mail model. Chinese sellers are shifting to branding and localization. Platforms like Temu and SHEIN have already set up overseas warehouses to respond to the changes.
Rakuten Acquires B2BTrade for $500M, Accelerates Expansion in Asia's E-Commerce Market
Japanese e-commerce giant Rakuten has acquired the Asian B2B platform B2BTrade for $500 million. The acquisition aims to integrate Rakuten's B2C technology with B2BTrade's business network, creating a more efficient e-commerce ecosystem. The deal will help Rakuten: 1) Quickly enter Asia's rapidly growing B2B market; 2) Provide digital solutions for SMEs in the region; 3) Strengthen cross-border trade services. After the transaction, Rakuten’s leadership in the Asian e-commerce market will be further consolidated, providing competitive services to millions of businesses.
Porsche's China Market Drops 28%, But Electric Vehicles See Rapid Growth
Porsche’s global sales fell by 6% in the first half of 2023, with 146,391 units sold. In China, sales dropped by 28%. However, North America saw a 10% growth due to increased supply and tariff protection. Electric vehicle deliveries rose by 36%, a 14.5 percentage point increase from last year. This shift highlights the success of Porsche’s electrification efforts. It shows that electric vehicles are becoming a new growth driver for the company.
Temu Surpasses eBay to Become the 3rd Largest E-Commerce Platform in the U.S.
Porsche's global sales in the first half of 2023 fell by 6% to 146,391 units, with a significant 28% drop in China. However, the North American market saw a 10% increase, benefiting from higher supply and price protection from tariff policies. Notably, the share of electric vehicle deliveries reached 36%, a 14.5 percentage point increase from last year, showcasing the success of Porsche's electrification efforts. This data reflects increased competition in China’s luxury car market, stronger price tolerance in North America, and electric vehicles becoming a new growth driver.
Lazada and Daraz Integrate 8-Country Markets, Launch "One-Click Sync" Feature
Lazada and Daraz have integrated their platforms, launching a new "one-click sync" feature that allows sellers to operate in 8 Southeast Asian and South Asian countries simultaneously, significantly boosting operational efficiency. The Southeast Asian e-commerce market reached $159 billion in 2023, with South Asia showing rapid growth similar to Southeast Asia five years ago. The platforms have introduced a combined strategy: Lazada's five core strategies (including free onboarding) paired with Daraz’s four strategies, offering billions in subsidies to help sellers expand into 8 countries. This feature will help sellers reduce operational costs across multiple countries, quickly replicate successful strategies, and capture the growth opportunities in the South Asian market.
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