China's Temu & Shein: Europe's new trade threat?

China's Temu & Shein: Europe's new trade threat?

Upworthy

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US President Donald Trump's scrapping of a duty-free loophole has shattered Temu and Shein’s business model, choking their flood of cheap Chinese goods into the United States. In 2024, 1.36 billion shipments entered the US under the so-called de minimis rule, exempting goods valued under $800…

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