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NEW YORK, May 5 (Reuters) - Shein and Temu, fast-fashion e-commerce ... comes as the retailers grapple with U.S. President Donald Trump's ban on de minimis, a trade exemption that previously ...
Trump’s blanket 145 percent tariffs on Chinese imports are having wide impacts on almost every industry, whereas the change to de minimis specifically hurts platforms like Temu and Shein.
Trump on Wednesday signed an executive order eliminating the so-called de minimis provision for low-value parcels from China, effective May 2. Under U.S. tax law, the de minimis provision allows ...
Shein/Havas Paris A quelques semaines du vote de la loi anti fast-fashion au Sénat, Shein se dresse en défenseur du pouvoir d’achat des consommateurs. Son arme : une large campagne de publicité signée ...
said companies like Temu and Shein are among the hardest hit. “Those are the major ones, because those are the ones that really took that de minimis loophole and exploited it,” Forman said.
U.K. retailers and producers aren’t the only ones eager to see Reeves rethink de minimis. On Wednesday, the online fast-fashion giant Shein said it “welcomes the opportunity to work with policymakers ...
Shein and Temu, two popular Chinese e-commerce ... The two e-commerce sites have benefitted from a tax law loophole known as the "de minimis" exemption, which has allowed goods worth less than ...
Online shopping giants Temu and Shein saw their sales rebound in March and April as US shoppers stockpiled products like makeup brushes and home appliances before tariff-led price increases set in.
Platforms such as Shein and Temu brought models pioneered in China to the U.S. Using the tax exemption, they could offer a massive variety of cheap and constantly updated products tailored to ...