(NewsNation) — President Donald Trump is eliminating a trade loophole that allows budget retailers like Shein and Temu to avoid tariffs on cheap Chinese goods. Trump signed an executive order ...
Citing inflation, consumer weakness and competition from the likes of Temu and Shein ... to counteract these operational challenges by partnering with Shein in 2023 and seeking relief from ...
Hundreds of Forever 21 stores are going to close by the end of the month as the company undergoes Chapter 11 bankruptcy protection for the second time in six years.
The tax exemption, which applies to packages valued at $800 or less, has helped China-founded e-commerce companies like Shein and Temu to thrive while cutting into the U.S. retail market.
Temu, which launched in the U.S. 2022, and Shein, which also entered the market that same year ... 20% on Chinese imports — pose a potential challenge for these ultra-cheap competitors ...
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