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Biden targets Shein, Temu with new rules to curb alleged 'abuse' of U.S. trade loophole

www.cnbc.com Biden targets Shein, Temu with new rules to curb alleged 'abuse' of U.S. trade loophole

Under a new White House rule proposal, Chinese exports subject to U.S. tariffs would no longer be eligible for the de minimis shipping loophole.

  • A new rule proposal from the Biden administration would prohibit products that are subject to U.S.-China tariffs from being eligible for a special customs exemption.

  • The de minimis loophole allows packages with a value of less than $800 to enter the United States with relatively little scrutiny.

  • Officials say a recent explosion in the number of de minimis shipments is due largely to Chinese-linked online retail giants like Shein and Temu.

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