(NewsNation) — President Donald Trump is eliminating a trade loophole that allows budget retailers like Shein and Temu to avoid tariffs on ... loophole would be closed once a system to ...
Now that the loophole is closed ... or Shein. Here’s what to know. Under previous standards, imports with values of less than $800 were granted “de minimis” exemptions from tariffs.
Good from brands like Shein ... loophole that gave inexpensive Chinese goods an advantage and served as a portal for illicit drugs and counterfeits to enter the country. The sweeping tariffs ...
The president spent Wednesday unveiling his sweeping tariff ... Shein and Temu, which rely on direct shipments from China and Hong kong that allowed them to bypass US import fees with the ...
Trump also closed the small value packages loophole that allowed China to avoid taxes on packages valued at less than $800. Companies such as Temu and Shein ... He said the tariffs would bring ...
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