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Trump tariffs take aim at trade loophole used by Chinese online retailers like Temu and Shein

2 February 2025
in World
0
Trump tariffs take aim at trade loophole used by Chinese online retailers like Temu and Shein
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President Trump’s tariffs target China, Canada, and Mexico, imposing a 25% tariff on goods from the latter two and a 10% tax on Chinese imports. The tariffs remove the de minimis trade provision, which allowed for duty-free shipments under $800, benefiting low-cost online retailers like Temu and Shein. These retailers have capitalized on the loophole to offer cheap products in the U.S., prompting Amazon to launch its own bargain outlet, Haul, which also relies on de minimis for importing goods from China. Amidst the clampdown, Amazon, eBay, and Etsy could benefit as they compete with Temu and Shein in the online marketplace.

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Tags: aimAlibaba Group Holding LtdAmazon.com IncApple IncBreaking News: Technologybusiness newsChineseDonald J. TrumpeBay IncETSY IncInternetloopholeonlinePDD Holdings IncretailersSheinTariffstechnologyTemutradeTrump
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