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News DocMcStuffin 1mo ago 98%

Biden targets Shein, Temu with new rules to curb alleged 'abuse' of U.S. trade loophole

www.cnbc.com

  • A new rule proposal from the Biden administration would prohibit products that are subject to U.S.-China tariffs from being eligible for a special customs exemption.

  • The de minimis loophole allows packages with a value of less than $800 to enter the United States with relatively little scrutiny.

  • Officials say a recent explosion in the number of de minimis shipments is due largely to Chinese-linked online retail giants like Shein and Temu.

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