American companies that manufacture overseas are increasingly using a controversial trade loophole to avoid import duties, following the success of Shein and Temu. Over 30% of packages shipped to the U.S. under the de minimis provision are from Shein and Temu. Customers are seeking ways to exploit this loophole to avoid 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
🤔 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.