Potential Price Hikes Loom for Shein and Temu Amid U.S. Trade Policy Changes
The Biden administration’s proposed elimination of the “de minimis loophole” could lead to a 20% price increase on products from popular Chinese-linked retailers Shein and Temu. This loophole exempts packages valued under $800 from import duties, a factor under scrutiny by the U.S. government. While the companies deny that their low prices are tied to … Read more