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Temu, Shein Brace For Impact As Trump's Tariff Torpedo Blows Up The $800 Loophole
Wednesday, April 9, 2025 - 10:16am | 407The party's over for dirt-cheap Chinese fashion hauls. President Donald Trump just closed the "de minimis" loophole, a trade exemption that allowed foreign e-commerce titans like Temu and Shein to ship low-cost packages (under $800) into the U.S. tariff-free. Now, it's 90% duties or $75 per item....
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Fast Fashion Sensation Shein Sizes Up U.S. Listing Despite Slowing Sales
Tuesday, February 7, 2023 - 10:43am | 1341Key Takeaways: Fast fashion retailer Shein is reportedly reviving its plan for a New York listing, even as its valuation reportedly shrinks After explosive growth in the past few years on the popularity of its cheap, trendy clothing, the company’s sales may have slowed sharply last year, as...
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At $100B, This Chinese Fashion E-Tailer Could Become The Most Valued Startup After TikTok Parent, SpaceX
Monday, April 4, 2022 - 4:39am | 280Chinese online fast-fashion retailer SHEIN is mulling a $1 billion funding that could shoot its valuation past the owners of H&M, Uniqlo (OTC: FRCOY), and Zara. What Happened: According to a Bloomberg report, the e-tailer is in talks with potential investors, including General...