U.S.-based online sellers are adopting a loophole to evade import duties by manufacturing overseas, following the success of Shein and Temu. Companies like PDD are avoiding tariffs on China imports, with Shein and Temu accounting for over 30% of packages shipped to the U.S. The rise of these bargain sellers has brought attention to a century-old law that allows customers to bypass taxes.
$PDD We look at the major marketshare (Worldwide) of eCommerce marketplaces - video https://t.co/TdOejBKR0e https://t.co/KffBCmn9dl
$PDD How has this company gone from 0% marketshare to 20% by 2023? https://t.co/TdOejBKjaG https://t.co/MsgsLbvvsC
“I’m seeing more and more every day of customers asking, ‘How do I take advantage of this? I’m sick and tired of paying taxes.'" A near-century-old law has burst into prominence thanks to the growth of China-founded bargain sellers Shein and Temu. https://t.co/zvZ3v6d1oY
40% of China internet users considered short videos and live streams as their “primary consumption channel” ByteDance-owned Douyin launches shopping app to rival Alibaba, https://t.co/WFSH0aVE8j, PDD https://t.co/isQ1iYBAtU via @scmpnews
🤔 Is Alibaba losing its crown in China's ecommerce arena? Last month, PDD Holdings surpassed Alibaba in market capitalization While Alibaba faces regulatory challenges and modest revenue growth, PDD's success abroad and rising revenue are turning heads. https://t.co/EjAEKTNj1W
Over 30% of all packages shipped to the U.S. under the de minimis provision come from just 2 companies: #Shein & #Temu. https://t.co/iW6yLqx6mM
Wow $PDD Temu and others avoiding the tariff and taxes for China imports well $AMZN $W $ETSY $WMT $TGT https://t.co/yyyR2MAcnw https://t.co/phZWJ6ccQ2
Thread 🇲🇽🚢🇺🇸🚚🇨🇦: American companies that manufacture overseas are increasingly dodging import duties by embracing a controversial trade "loophole" that's been key to the rise of Shein and Temu. @theinformation https://t.co/VutQFTtlt3
‘A pretty wild loophole’: How U.S.-based online sellers are copying Shein’s playbook to avoid import duties. https://t.co/7KhVGoEIDS From @theo_wayt and @anngehan.