
Why China’s Temu and Shein are Europe’s new trade threat – Times of India
[ad_1] 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 (€704) from import tariffs. That figure marks a nine-fold…