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.
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 ...
SHANGHAI (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 ...
[Stay on top of transportation news: Get TTNews in your inbox.] Chinese retailers that sell on Shein and PDD Holdings Inc.’s Temu platform say they have been asked by logistics agents to start ...
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.
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Chinese e-commerce giants Shein and Temu are due to face disruptions to their business models amid U.S. tariffs on imports from China and the closing of a customs loophole that allowed delivery of ...
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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 ...