Trump closes China tariff loophole used by fast fashion retailers like Shein and Temu - Imported goods under $800 will now be ...

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.

Shares of PDD Holdings, the owner of online-marketplace Temu, slipped as a series of escalating tariffs between the U.S. and China added major complications to its business. The stock was trading down ...

Shein and Temu rapidly expanded in the U.S. using the de minimis provision to deliver ultra-cheap fast-fashion items from ...

This provision, applying to goods valued at $800 or less, has fuelled the rapid growth of Chinese e-commerce giants like Shein and Temu, simultaneously undercutting the American retail market.

A notice to customers dazzled by the low-priced products on Chinese shopping apps: the days of getting trendy clothing, tools ...