US Tax Loophole closures signal a new era for fast-fashion giants Shein and Temu
MANSFIELD, Ohio — For years, the companies Shein and Temu exploited U.S. tax loopholes to minimize shipping costs and deliver goods rapidly. However, a recent policy change enacted under President Donald Trump could alter their profitable strategy. Beginning April 2, the government introduced new regulations aimed at closing the loophole that allowed these companies to sidestep tariffs on certain imports. Critics argue that this shift responds to long-standing concerns about unfair trade practices and the fiscal implications for U.S. manufacturers. Shein and Temu, both prominent in the fast-fashion and e-commerce sectors, have built their success … Read more