Trump's de minimis cancellation is bad news for Temu, but worse for Shein
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, thanks to Temu's wider product range and moves to change its shipping strategy.
It has also diversified geographically — limiting the impact of tax loophole closures. The US accounts for less than half of Temu’s global GMV, compared with 100 per cent three years ago, when the app ...
The Chinese-owned e-commerce site promoted so-called “local” products on its website after President Trump imposed a 10% ...
The trade loophole is meant to ease small-scale sales — but critics say it's been abused and gives Chinese firms an unfair advantage.
Trump's tariff executive order closes the de minimis tax loophole, causing brands to scramble for solutions.
The shutdown of the de minimis trade loophole by the Trump administration will lead to higher prices for American consumers ...
President Trump's executive order expanding tariffs could snag billions of dollars in cheap goods from retailers like Temu ...
President Donald Trump’s crackdown on trade could effectively kill the current business models of Chinese companies Shein and Temu (PDD), ...
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