Tag: customs

Shein, Temu face cost of adapting to new US customs rules

US tariffs on Chinese imports and the closing of a customs loophole will wreak disruption on the business models of e-commerce giants Shein and Temu, with consumers potentially bearing the brunt of the cost, analysts say. Boasting an enormous selection of ultra-cheap items at a time when inflation has shrunk household spending power almost everywhere, […]