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Biden considers closing "loophole" allowing duty-free shipments from Shein and Temu

The loophole in question is the "de minimis" exemption, which currently waives tariffs and duties on shipments valued under $800. While intended to facilitate low-value international commerce, the exemption has also enabled Chinese retailers to flood the American market with over a billion annual shipments of discounted apparel, textiles, and...

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