Chinese-owned Shein and Temu face threat as US president imposes trade tariff and closes ‘de minimis’ loophole
WASHINGTON DC - Chinese-owned ultra fast fashion giants Shein and Temu face a new threat to their business model in the US where President Trump has introduced trade tariffs on Chinese imports.
All Chinese imports will face a 10% tariff from today - but, potentially more crucially for the online retailers, Trump's latest executive orders also closed the 'de minimis' trade loophole which affects lower value shipments.
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