De minimis trade loophole that boosted Chinese online retailers to end May 2

CNBC

Summary

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Trump will stop the tax break for retailers like Shein.
The Independent
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FAST-FASHION giant Shein’s £50billion London listing is on shaky ground as investors assess the impact of hefty Trump tariffs.
The Sun
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The de minimis rule, which allows shipments worth less than $800 to enter the U.S. duty-free, had helped propel Chinese e-commerce upstarts Temu and Shein to explosive growth.
NBC News
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The provision allowed products less than $800 to enter the U.S. without duties and inspection, and was widely used by e-commerce sites like Temu and Shein.
Asianet Newsable

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