Shein's and Temu's sales fluctuated amid tariff news, credit card data showed.
Forever 21 says it can't compete with e-commerce companies that send small packages without paying tariffs via the "de ...
A trade loophole called de minimis helped drive explosive growth for bargain sites such as Temu and Shein, allowing them to ship cheap goods from China to U.S. consumers without having to pay ...
The de minimis provision has been on the books for nearly 100 years, but it’s arguably a bigger issue now than at any point in the past century. The number of packages avoiding taxes has ...
“While we have evaluated all options to best position the company for the future, we have been unable to find a sustainable path forward, given competition from foreign fast fashion companies, which ...
The de minimis rule, which allows goods valued at $800 or less to enter the U.S. duty-free, has sparked debate due to its potential impact on U.S. businesses and tariff revenue. While some argue ...
"Rather than eliminating de minimis, countries should really try ... Shopify, which keeps its books in U.S. dollars, said the profit amounted to 99 cents US per diluted share for the quarter ...
President Donald Trump signed an executive order on Friday that puts a pause on his closing of the de minimis trade exemption. De minimis has helped propel Chinese e-commerce upstarts Temu and ...
Few of the factory owners in this ramshackle part of Guangzhou in southern China have any idea what the “de minimis exemption” is or how it affects the level of tariffs their products face ...
The Biden-Harris administration announced Friday that it is taking action to limit the number of imports eligible for the de minimis exception to American tariffs and customs inspection.
Despite the pause in President Trump’s executive order doing away with the de minimis provision, which has allowed foreign sellers to sidestep taxes on low-dollar shipments to the United States ...
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