Shein and Temu prices are set to get a lot higher as Biden takes aim at retailers linked to China

Prices on Shein and Temu could rise by as much as 20% if the Biden administration successfully closes the so-called “de minimis loophole.” The loophole allows packages valued under $800 to avoid import duties and scrutiny at the border. Shein and Temu have said their low prices aren’t related to the de minimis exemption and instead, their innovative business models.
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