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Published

Political Pressure Mounts on Shein and Temu

Summary by thedailyupside.com
Shein and Temu have been able to keep the cost of clothing on their platforms alarmingly low, but there’s been a hidden political cost racking up. The Financial Times reported on Wednesday that the EU is preparing to crack down on cheap imports from Chinese e-commerce giants such as Shein and Temu. The two China-founded companies exploded in size over the past few years by taking advantage of tax loopholes to directly ship their products to cons…
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