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In the Trump v Shein and Temu showdown, all end up losers
The end of the de minimis exemption on May 2 will have a ripple effect beyond the key parties concerned.
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Shein has, in fact, been increasingly fulfilling orders from its US warehouses.
PHOTO: REUTERS
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When US President Donald Trump abruptly closed an import loophole in February that allowed cheap Chinese goods to flood the US market tax-free, all hell broke loose at New York’s John F. Kennedy International Airport after more than a million parcels piled up within days.
The authorities did a quick U-turn to save its customs infrastructure from being overwhelmed, but, on April 2, Mr Trump decided to end the exemption again for China and Hong Kong, setting the clock to count down from 30 days.
