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Biden’s Trade Crackdown Could Raise Shein and Temu Prices by 20%

Biden’s Trade Crackdown Could Raise Shein and Temu Prices by 20%

by Capital Group | Sep 14, 2024 | Business, News

Key Points: Prices on Shein and Temu may rise by up to 20% if the Biden administration closes the “de minimis loophole.” The loophole allows packages under $800 to avoid import duties and border scrutiny. Shein and Temu claim their low prices are due to...

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