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The president also moved to close the “de minimus” provision – colloquially known as the “Shein loophole” – that allowed Chinese-owned e-commerce companies like Shein and Temu to ship ...
The move comes after China imposed targeted tariffs on U.S. imports and put several companies, including Alphabet Inc's Google, on notice for possible sanctions, in a measured response to U.S ...
Shein, originally named ZZKKO, was founded in China in 2008 by entrepreneur and search engine optimization (SEO) marketing specialist Chris Xu (Xu Yangtian). [12] [6] [13] Information on Xu's educational and career background remains elusive as of 2022, with sources conflicting on details of his biography.
One aspect of Trump’s ongoing crackdown on trade with China may have bipartisan support: eliminating the de minimis exemption. Major Chinese companies shipping to the U.S. must pay customs ...
Xu and Shein denied this version of events and threatened legal action. [3] In 2015, Xu moved his company's headquarters from Nanjing to Guangzhou and subsequently rose to become a global brand. In February 2022, Xu moved to Singapore according to reports, where Shein also moved its legal headquarters to. In the same year, Shein reached a ...
Nearly half of all packages with de minimis exemptions come from China, and more than 30% of all daily packages shipped under de minimis are from Temu and Shein, Reuters reported.
Americans are likely to pay more for products from popular Chinese e-commerce platforms like Shein and Temu as the U.S. Postal Service said it would stop accepting parcels from China and Hong Kong.
The Biden-Harris administration is cracking down on a popular loophole used by Chinese retailers while US companies prepare for the possibility of more tariffs after the 2024 election.