Reported 23 days ago
The US government's plans to tax imports under $800 threaten Chinese e-commerce platforms such as Temu and Shein, which have relied on this tax-free loophole to gain a foothold in the American market. This policy shift comes amid concerns over tariff evasion and illegal shipments. Analysts highlight that the crackdown may reshape the retail landscape in the US, creating uncertainty for these fast-fashion businesses as they prepare for future operations in a more regulated environment.
Source: YAHOO