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President Donald Trump has suspended a tax perk for all countries, which allowed cheap packages to flow into the country duty-free and American consumers to shop at ultra-low-priced e-commerce sites.
"U.S. consumers may have fewer choices and goods will become persistently more expensive," one economist said.
President Trump signed an executive order ending de minimis trade loophole. The order will take effect Aug. 29. Here's what ...
Shein Group Ltd.’s net income rose to over $400 million and revenue was almost $10 billion in the first quarter as consumers ...
Shein, founded by China-born entrepreneur Sky Xu, did not reply to a request for comment. The Hong Kong stock exchange declined to comment on individual companies.
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