GoodsFox Daily News (July 4, 2025): Trump imposes new tariffs: Will Apple increase US prices?
- Mollytea’s Successful Debut Overseas
- LG Mobile’s Unfortunate Exit from the Android Market
- Trump’s Tariff Move: Apple to Increase Prices in the U.S.?
- Chinese Brand Babycare Successfully Enters Japan’s Market, Defeating ‘Made-in-Japan’ Brands
- TikTok Becomes the New Hub for Luxury Goods Consumption
1. Mollytea’s Successful Debut Overseas
Mollytea’s official account announced its first U.S. store in Los Angeles. The store achieved over 4.195 million RMB in GMV in its opening month. The store completed approximately 30,105 orders, serving around 77,144 cups, generating about 580,000 USD in revenue.
2. LG Mobile’s Unfortunate Exit from the Android Market
LG Electronics has announced the termination of software updates, app services, and PC tools like LG Bridge. This marks the end of LG’s mobile division. LG was once third in global smartphone sales, behind Samsung and Apple. However, the company failed to keep up with the Android era, ultimately exiting the market. The decision serves as a warning to other manufacturers. In 2019, LG’s new CEO announced plans to be profitable by 2021, but the company ended its mobile business.
3. Trump’s Tariff Move: Apple to Increase Prices in the U.S.?
On July 2, the Trump administration signed a trade agreement. It imposes a 20% tariff on Vietnamese goods entering the U.S. This change directly affects Apple. In May, Apple announced shifting production of MacBooks, iPads, and other devices to Vietnam. However, iPhones are still made elsewhere, limiting the impact. The U.S. government plans more tariff talks with Apple’s supply chain countries. This signals potential long-term effects on tech manufacturing.
4. Chinese Brand Babycare Successfully Enters Japan’s Market, Defeating ‘Made-in-Japan’ Brands
Babycare, a Chinese brand, has entered Japan’s competitive retail market. It’s the first Chinese brand in 7-Eleven, Japan’s leading convenience store. Babycare products are also in large retailers like Aka-chan Honpo and Nishimatsuya. This success is a breakthrough for Chinese brands in Japan. According to Japan’s Ministry of Economy, Trade, and Industry, Japan’s B2C e-commerce penetration is only 9.38%. Japanese consumers are known for their high standards. Babycare’s entry shows that Chinese brands can succeed in the most demanding markets.
5. TikTok Becomes the New Hub for Luxury Goods Consumption
TikTok’s research shows a big shift in the luxury goods industry. 38% of users first discovered luxury brands via creator content. 32% were influenced by user-generated content. TikTok saw a 113% increase in luxury discussions. The platform’s comment sections have become key for authenticity checks. TikTok consumers are powerful buyers. 70% of them spend over £1,000 in a single purchase. 15% buy products directly from videos. Gen Z and Millennials see luxury as self-expression, not just status. TikTok now covers the entire luxury goods cycle, from discovery to purchase.
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