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Biden’s Crackdown on E-Commerce Giants: Say Goodbye to Tax-Free Temu and Shein Shopping Sprees
The Biden administration aims to curb the de minimis trade provision, affecting e-commerce giants like Shein and Temu, to tackle illegal and unsafe goods flooding the U.S.
Hot Take:
Looks like the government is finally putting the brakes on the de minimis express! Shein and Temu, it’s time to start paying your fare like the rest of us!
Key Points:
- The Biden administration aims to restrict the de minimis provision.
- De minimis allows up to $800 worth of goods to be imported daily, tax-free.
- E-commerce giants Shein and Temu heavily utilize this provision.
- The crackdown is part of efforts to prevent illegal and unsafe goods from entering the U.S.
- This move could significantly impact how these companies operate in the U.S. market.
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