Reported 26 days ago
The Biden-Harris administration is taking measures against Chinese retailers Shein and Temu by targeting the de minimis exemption that allows low-value imports to enter the US tariff-free. With potential tariffs looming due to the upcoming 2024 election, US retailers are preparing for price increases and diversifying their supply chains to ensure competitiveness. Experts warn that proposed tariffs could significantly raise costs for American families.
Source: YAHOO