Friday, September 13, 2024

The White House plans to curb the "overuse and abuse" of the de minimis loophole used by Shein and Temu, which exempts packages worth $800 or less from tariffs (CNBC)

CNBC:
The White House plans to curb the “overuse and abuse” of the de minimis loophole used by Shein and Temu, which exempts packages worth $800 or less from tariffs  —  The Biden administration announced new steps on Friday to curtail what it calls the “overuse and abuse” …



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Shein's IPO prospectus shows Q1 revenue of $9.05B, up 1% YoY, as it swings from $395M profit in Q1 2025 to $99M loss partly due to US' "de minimis" rule removal (Reuters)

Reuters : Shein's IPO prospectus shows Q1 revenue of $9.05B, up 1% YoY, as it swings from $395M profit in Q1 2025 to $99M loss partly...