De minimis: US small parcels loophole closes pushing up prices for Shein and Temu
Shein and Temu prices rise as Trump closes postage loopholePeter HoskinsBusiness reporterGetty ImagesA duty-free loophole for low-value packages has been 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 applied to parcels worth less than $8...
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