Temu is touting more of its so-called “local” products after President Trump revoked a lucrative trade loophole that helped the Chinese fast-fashion firm avoid taxes and US customs. On ...
The order throws a wrench in the business models of China-based retailers like Shein and Temu, which were previously exempt from any tariffs and customs inspections thanks to the de minimis loophole.
Shein and Temu won't meet an untimely end because of de minimis changes, e-commerce experts say. The logistics world has been expecting changes to the de minimis exemption for a while, and both ...
SHANGHAI, Feb 6 (Reuters) - The Trump administration move to stop low-cost imports entering the U.S. tariff-free is likely to hit fast fashion retailer Shein harder than online dollar-store Temu ...
The suspension of de minimis was expected to impact Chinese e-commerce companies like Temu and Shein. The announcement came after many of the thousands of American shoppers who depend on popular ...
At the same time, the US has cracked down on a little-known tax loophole that allows millions of parcels into the country every week from cheap e-commerce retailers, including Shein and Temu.
Earlier this week, Trump's executive orders for tariffs on Chinese goods also ended "de minimis," which allows retailers like Shein, Temu and Amazon to send packages to the U.S. quickly and cheaply.
President Trump's tariffs on China delivered a 'double-whammy' to Temu and Shein, as the US also closes a tax loophole, leaving Americans to foot the bill.
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. American consumers have become used to buying T-shirts, plushies and other knick-knacks from the likes of ...
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