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Biden, Shein and Temu
Biden moves to crack down on Shein and Temu, slow shipments into US
In his announcement proposing to crack down on "unsafe, unfairly traded products," President Joe Biden accused China-founded e-commerce platforms selling cheap goods of abusing the "de minimis exemption" that makes shipments valued under $800 duty-free.
Biden admin cracks down on Shein and Temu
The Biden administration is intensifying efforts to curb cheap imports from China, targeting e-commerce platforms like Shein and Temu that have taken advantage of the “de minimis” rule to bypass tariffs on low-value shipments.
Shein and Temu prices are set to get a lot higher as Biden takes aim at retailers linked to China
The bottom of the barrel prices that have made Chinese-linked e-tailers Shein and Temu so popular with American consumers could soon rise if the Biden administration curtails their use of a trade law loophole.
Biden targets Shein, Temu with import rule
President Biden imposes new import regulations aimed at fast-fashion giants Shein and Temu to safeguard U.S. manufacturers.
Biden’s New Tariffs on Imports From China Aim to Make Shein, Temu Orders Costlier
Measures tightening customs waivers on low-value shipments of foreign goods going directly to U.S. consumers may undercut allegedly unfair cheaper pricing by Chinese e-commerce companies Shein and Temu.
Biden Administration Targets Trade Loophole Used By Shein and Temu to Keep Prices Low. What This Means for Consumers
The Biden administration's plans to restrict the de minimis trade law loophole could impact the prices of Shein and Temu products. This loophole allows items under $800 to bypass tariffs. Retail experts estimate that prices could rise by at least 20%,
1d
on MSN
Temu threatened by hacker claiming data breach that company denies
Related: New Biden proposal targets Shein and Temu for 'abuse' Data breach costs are at their highest ever, with a global ...
2d
on MSN
Temu denies data breach — but hacker claims to have leaked 87 million strong database
In a statement given to BleepingComputer, Temu denied claims of data theft, saying that nothing in the database bel ...
Marketplace Pulse
9d
Temu Now Ranks as World's No. 2 E-Commerce Site
Two years after its launch, Temu overtook eBay to become the world’s 2nd most visited e-commerce website.
Impacts
7d
Comparing Temu vs Banggood: Which is Better for Your Needs?
E-commerce platforms have become a cornerstone for online businesses, especially those focused on dropshipping. Names like ...
11d
TikToker discovers croissant lamp from Temu is an actual pastry covered in resin
A TikToker shares what happened when they discovered their Temu croissant lamp was made of an actual pastry covered in resin.
12h
'Temu Threat Abating in 2Q24' - Barclays
According to the latest Barclaycard data reviewed by Barclays analysts, Temu's presence in the US market has shown signs of ...
7d
on MSN
Why Temu Parent PDD Holdings' Stock Is Down
PDD Holdings shares are moving lower Friday after the White House announced new measures to tackle the abuse of the de ...
3d
Stock Market Today: Dow scores new record close as expectations grow for jumbo rate cut
U.S. stocks ended mixed on Monday, as traders’ expectations for the Federal Reserve to deliver a 50-basis-point rate cut on ...
TechCentral
3d
More bad news for Temu and Shein
The move threatens to reshape parts of the US retail arena and deflate the excitement that’s accompanied the meteoric ascent ...
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Joe Biden
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