The tariff relief, which affects big Chinese e-commerce players including Shein and Temu, follows a deal between Beijing and Washington to unwind most of the duties imposed on each other’s goods since early April, after weekend talks in Geneva.
The tariff relief, which affects big Chinese e-commerce players including Shein and Temu, follows a deal between Beijing and Washington to unwind most of the duties imposed on each other’s goods since early April, after weekend talks in Geneva.
Big brother has lowered tariffs from 0% to 54%! How kind!
The real fucking kicker is its 30% for the companies, consumers pay 54%. So Shein and Temu can fill their US warehouses, raise prices and pocket the tariff differential.