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Biden tackles trade loophole used by Shein and Temu

Summary by The Register
Removing de minimis exemption could stymie Beijing’s plans to grow its cyber-bazaar abroad

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Biden tackles trade loophole used by Shein and Temu

Removing de minimis exemption could stymie Beijing’s plans to grow its cyber-bazaar abroad

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BizTocBizToc

Biden tackles trade loophole used by cheap Chinese e-tailers

Removing de minimis exemption could stymie Beijing’s plans to grow its cyber-bazaar abroad The Biden administration announced on Friday it was cracking down on a tax loophole that has enabled Chinese web souks like Shein and Temu to thrive.…

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LexBlogLexBlog

Biden Administration Targets Chinese E-Commerce Giants to Tackle Trade Loopholes

Editor’s Note: In a decisive move to tighten U.S. trade regulations, the Biden administration is proposing significant changes targeting Chinese e-commerce giants like Temu and Shein. These companies have benefitted from the ‘de minimis exemption,’ which allows tax- and duty-free imports for items under $800. The massive surge in shipments, which jumped from 140 million to over 1 billion annually, has posed challenges to enforcing trade, health,…

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ComplexDiscoveryComplexDiscovery

Biden Administration Targets Chinese E-Commerce Giants to Tackle Trade Loopholes

Editor’s Note: In a decisive move to tighten U.S. trade regulations, the Biden administration is proposing significant changes targeting Chinese e-commerce giants like Temu and Shein. These companies have benefitted from the ‘de minimis exemption,’ which allows tax- and duty-free imports for items under $800. The massive surge in shipments, which jumped from 140 million to over 1 billion annually, has posed challenges to enforcing trade, health,…

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