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Tuesday, 29 April 2025

Tariffs come to Temu

07:21

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Also: 7 million Americans have Alzheimer's ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Tue Apr 29 2025

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

If you were searching for concrete proof that tariffs raise prices, look no further than Temu.

The e-commerce giant has implemented a new import charge, more than doubling the price of many items shipped from China. Known for its low, low prices for clothing and convenience items, Temu must now accommodate President Donald Trump's 145% import tariff.

More than 7 million Americans have Alzheimer's

A new report suggests up to 7.2 million Americans aged 65 and older are living with Alzheimer's disease, an increase of about 300,000 cases of the mind-robbing disease from a year ago.

An Alzheimer's Association report, released April 29, said the total annual cost of caring for people living with Alzheimer's and other forms of dementia will reach $384 billion in 2025. That figure doesn't include the cost of unpaid care from 12 million family members and friends who provide billions of hours of care.

Musk fades from White House spotlight

Hours after President Donald Trump's inauguration, a triumphant Elon Musk  took the stage at a Trump rally in Washington and boasted, "I'm going to work my ass off for you guys."

But now, 100 days into Trump's second White House term, the Musk who once held up a chainsaw to display his power as a government slasher, and who became the most prominent face of the White House after Trump, has started to disappear

📰 More stories you shouldn't miss 📰

Amazon sellers are pulling out of Prime Day
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How tariffs affect Social Security COLA

About The Daily Money

Each weekday, The Daily Money  delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers personal finance for USA Today.

The logo of Temu, an e-commerce platform owned by PDD Holdings, is seen on a mobile phone displayed in front of its website, in this illustration picture taken April 26, 2023.

Temu has a new import charge that more than doubles the price of many items shipped from China, in response to imposed tariffs by the U.S.

Hundreds join the fundraiser Walk to End Alzheimer's at the University of the Pacific in Stockton. An estimated 7.2 million Americans age 65 and older are living with Alzheimer's disease, a new report shows.
 

More than 7 million Americans have Alzheimer's. Is research at risk?

A new report shows up to 7.2 million Americans aged 65 and older are living with Alzheimer's disease, an increase of about 300,000 cases.

Elon Musk looks on during a Cabinet Meeting in the Cabinet Room of the White House March 24, 2025 in Washington, DC.
 

Elon Musk takes a backseat as Donald Trump reaches 100 days

Elon Musk burst into Trump's White House as the chainsaw-wielding government slasher. But 100 days into Trump's term, his role is diminishing.

A customer drops off her return during Amazon Prime Day on July 12, 2022 in Alhambra, California.
 

Some Amazon sellers are pulling out of Prime Day amid Trump tariffs

Amazon's Prime Day is losing its luster among a critical group: sellers.

Bags of Lay's potato chips are displayed on a shelf at a grocery store on Feb. 10, 2023 in San Rafael, California.
 

Lays, Tostitos to halt artificial dyes this year after RFK decision

Lays and Tostitos will stop using artificial colors by the end of the year to accommodate the new phase-out of petroleum-based synthetic dyes.

Uber is offering teens free rides to prom and back up to $20 starting April, 29, 2025 in a deal that lasts for 90 days.
 

Uber offers teen free rides to prom and back home. How to request one

Uber is offering free rides to prom and back home for up to $20 starting Tuesday, April 29, including UberXL rides for groups of six or less.

Backcountry skiers hike the Chic-Choc mountains in the region of Gaspésie in Quebec, Canada, on March 2, 2019. - Sunny weather and cool temperatures allowed skiers to enjoy the March snow in this eastern region of Quebec where several meters of snow fall each year. (Photo by Julien BESSET / AFP)  (Photo credit should read JULIEN BESSET/AFP via Getty Images)
 

Canadians are canceling their US trips to reconnect with this country

The U.S. used to be the most popular destination for Canadians, but the political climate is driving them elsewhere.

A hand tearing part of an orange piece of paper to reveal the word "tariffs."
 

How Trump's tariffs could impact your Social Security COLA

Could tariffs even impact retirees' Social Security benefits? The answer just might be "yes."

Shoppers walk through the Manhattan Mall in New York. Consumer spending has held up so far despite concerns about tariffs.
 

As Americans cry recession, economy whispers soft landing. Who's right?

As Trump's tariff war rages, some experts cite solid economy to argue a recession will be dodged. Others say weak sentiment bolsters opposite view.

USA TODAY
 

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