How a U.S. Tax Loophole Supercharged China’s Exports
Source: New York Times
When Congress raised the threshold for imported goods to enter the United States tax-free to $800 from $200 nearly a decade ago, it threw open the door to the American consumer market.Chinese companies rushed in. First on platforms like eBay and Amazon, and then on apps like Shein and Temu, exporters funneled the products of China’s vast manufacturing supply chain straight to doorsteps in the United States.This…
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