Biden Administration Introduces New Shipping Regulations Aimed at China’s Shein and Temu
MINNEAPOLIS, Minn (AX) — "The Biden administration just rolled out fresh rules to tackle the flood of bargain-basement shipments from China, especially targeting online retail behemoths Shein and Temu," the Associated Press reported. This new directive sets its sights on closing gaps in the "de minimis" exemption, which currently allows goods under $800 to bypass U.S. tariffs and extra fees. The changes could profoundly affect Chinese e-commerce firms banking on low-cost, direct-to-consumer shipping to snag a foothold in the…