Trump tariffs take aim at trade loophole used by Chinese online retailers like Temu and Shein
Publishing timestamp: 2025-02-03 00:41:36
Summary
President Trump's tariffs target trade provision that has helped low-cost retailers like Temu and Shein. The "de minimis" provision allows for duty-free shipments under $800, which has been criticized for undercutting competitors and raising product safety concerns. Amazon, eBay, and Etsy could benefit from the clampdown on this loophole.
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Keywords: ebay inc, business news, internet, pdd holdings inc, etsy inc, apple inc, amazon.com inc, breaking news: technology, alibaba group holding ltd, technology, donald j. trump,
Source: https://www.cnbc.com/2025/02/02/trump-tariffs-take-aim-at-trade-loophole-used-by-temu-shein.html