Chinese shipments under $800 will face a 90% tariff, affecting companies like Shein and Temu. Trump is ending the 'de minimis' exemption. Xi Jinping Breaks Silence on US Tariff War La Niña is dead.

Trump tariffs: Follow here for live updates on Wednesday What is 'de minimis' and what does it have to do with Temu and Shein? The de minimis exemption refers to Section 321 of the Tariff Act of ...

The move appears to be a massive blow to fast-fashion companies such as China-based Shein and Temu, which managed to rapidly expand in the US through the almost century-old de minimis rule.