Comment on Temu and Shein to hike prices

• DelightfullyDivisive@discuss.online ⁨3⁩ ⁨weeks⁩ ago

  What is the loophole that makes them profitable?

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  • Thekingoflorda@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    I believe they are referencing the de minimis tax rule that exempts items below $800 from import tax.

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    • wosat@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      Trump did end the de minimis rule. The executive order was made April 2nd; the loophole closes May 2nd. cnbc.com/…/de-minimis-trade-loophole-to-end-may-2…

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  • glimse@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    The other reply is correct, they get crazy cheap shipping rates by sending small things. Like every Temu package costs taxpayers money to subsidize it

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• TheGalacticVoid@lemm.ee ⁨3⁩ ⁨weeks⁩ ago

  This is such an awful idea as it stops us from buying international packages from anywhere. The ‘loophole’ is already closed for China.

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