Online fast-fashion retailer Shein is under pressure to cut its valuation to about $30 billion ahead of its London listing, Bloomberg News reported on Monday, citing people familiar with the matter.
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At the same time, the US has cracked down on a little-known tax loophole that allows millions of parcels into the country every week from cheap e-commerce retailers, including Shein and Temu.
The order throws a wrench in the business models of China-based retailers like Shein and Temu, which were previously exempt from any tariffs and customs inspections thanks to the de minimis loophole.
Shein and Temu won't meet an untimely end because of de minimis changes, e-commerce experts say. The logistics world has been expecting changes to the de minimis exemption for a while, and both ...
as well as products from popular online overseas retailers Temu and Shein. The president’s tariffs against China, Mexico and Canada eliminated a trade exemption used by ... [+] low-cost retailers.
The USPS briefly suspended acceptance of packages from China and Hong Kong due to new tariffs imposed by President Trump. The United States Postal Service reversed an overnight decision to accept ...
Shoppers awaiting packages from popular retailers like Shein and Temu can still expect their packages after the U.S. Postal Service reversed its quick pause on packages from China and Hong Kong ...
Americans love Shein, Temu and AliExpress for two reasons: low prices and fast shipping. Trump’s tariffs could change that. His tariff orders reversed a long-standing shipping loophole ...
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