Shein's Tariff Tango: A Cautionary Tale for Global Trade Shein, a Chinese e commerce giant, has reported a $99 million quarterly loss due to US President Donald Trump's removal of an import duty exemption on small packages.
This move, part of the broader tit for tat tariff war between the US and China, has sent shockwaves through the industry.
The de minimis exemption, which allowed goods valued at $800 or less to enter the US without paying tariffs, was a crucial lifeline for online retailers catering to American consumers.