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DocMcStuffin
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1mo ago
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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.
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The de minimis loophole allows packages with a value of less than $800 to enter the United States with relatively little scrutiny.
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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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