Trump's de minimis cancellation is bad news for Temu, but worse for Shein
The Trump administration move to stop low-cost imports entering the U.S. tariff-free is likely to hit fast fashion retailer Shein harder than online dollar-store Temu, thanks to Temu's wider product range and moves to change its shipping strategy.
President Trump pumped the brakes last week on a pledge to shut down an import tax exemption for cheap consumer goods from ...
Friday saw the president reopen the floodgates for millions of duty-free shipments from e-commerce firms like Shein and Temu.
By David Lawder, Helen Reid, Lisa Baertlein and Lisa Barrington WASHINGTON/LONDON/LOS ANGELES (Reuters) - U.S. President ...
Earlier this week, Trump's executive orders for tariffs on Chinese goods also ended "de minimis," which allows retailers like Shein, Temu and Amazon to send packages to the U.S. quickly and ...
A rule that allowed goods under a certain value to be imported duty free from China into the US is in jeopardy, with industry ...
The president said he planned to impose tariffs on countries that tax U.S. products. He also paused an action against China, ...
President Donald Trump has paused the removal of the de minimis exemption on goods from China.
Shein’s US sales fell 16 per cent to 41 per cent for five days from February 5 while Temu’s fell as much as 32 per cent.
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