De minimis: US small parcels loophole set to close pushing up prices for Shein and Temu
Source: BBC
Peter HoskinsBusiness reporterGetty ImagesA duty-free loophole for low-value packages is about to be closed by President Donald Trump, pushing up prices for US customers of firms like Shein and Temu.The Chinese online retail giants relied on the so-called "de minimis" exemption to sell and ship low-value items directly to the US without having to pay duties or import taxes.Supporters of the loophole, which…
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