Trump’s Tariffs Close “De Minimis” Loophole Used by Shein and Temu
Coresight Research
Coresight Research offers global data-driven research and advisory across retail, tech, supply chain, & real estate.
A recent Fox Business Network article highlights the impact of President Donald Trump’s tariffs, which suspend the “de minimis” rule that previously allowed imports valued under $800 to enter the US duty-free. This rule had enabled Chinese e-commerce giants Shein and Temu to expand in the US market through low-cost shipments.
The article features insights from a Coresight Research report, which notes that the rise of low-cost, direct-to-consumer platforms Shein and Temu has been a contributing factor in the rise of retail store closures in the US. We tracked 7,323 closures in 2024—the highest annual total since the pandemic-driven downturn of 2020—and we project that 15,000 store closures could occur in 2025.
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?Read the full article on FOX Business: https://www.foxbusiness.com/politics/how-trumps-tariffs-closed-loophole-used-chinese-retailers
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