Biden’s Tariff Tango: Cracking Down on Cheap Chinese E-Commerce!
The Biden administration targets Shein and Temu with new rules cracking down on the de minimis exemption abuse, aiming to level the playing field and ensure products meet safety standards.
Hot Take:
Looks like the Biden administration is finally calling ‘shenanigans’ on some Chinese e-commerce giants. Sorry Shein and Temu, your duty-free days might be numbered!
Key Points:
- New rules will end the de minimis exemption for certain Chinese imports.
- Shein and Temu are major players affected by this change.
- Shipments claiming the duty-free exemption have skyrocketed from 140 million to over 1 billion in ten years.
- Goods covered by Section 301, Section 232, and Section 201 tariffs will be targeted.
- US aims to protect consumers and create a level playing field for American businesses.
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