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Temu and Shein face U.S. crackdown as Biden administration cites abuse of trade loophole

The Biden-Harris administration has announced it’s proposing to take regulatory actions to cut down on what it describes as “overuse and abuse” of a trade loophole, with senior administration officials saying they’re concerned about how e-commerce giants Temu and Shein have relied on the loophole.

Source link : https://www.msn.com/en-us/money/markets/temu-and-shein-face-u-s-crackdown-as-biden-administration-cites-abuse-of-trade-loophole/ar-AA1qvSt2?ocid=BingNewsVerp

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Publish date : 2024-09-13 00:15:00

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