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Jessica Mendoza

πŸ‘€ Speaker
7634 total appearances
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Podcast Appearances

The Journal.
A Tariff Loophole Just Closed. What That Means for Online Shopping.

He called de minimis a loophole that gave other countries an advantage over the U.S. and allowed illegal drugs to be smuggled in.

The Journal.
A Tariff Loophole Just Closed. What That Means for Online Shopping.

He called de minimis a loophole that gave other countries an advantage over the U.S. and allowed illegal drugs to be smuggled in.

The Journal.
A Tariff Loophole Just Closed. What That Means for Online Shopping.

They're sending massive amounts of fentanyl, killing hundreds of thousands of people a year with the fentanyl.

The Journal.
A Tariff Loophole Just Closed. What That Means for Online Shopping.

They're sending massive amounts of fentanyl, killing hundreds of thousands of people a year with the fentanyl.

The Journal.
A Tariff Loophole Just Closed. What That Means for Online Shopping.

They're sending massive amounts of fentanyl, killing hundreds of thousands of people a year with the fentanyl.

The Journal.
A Tariff Loophole Just Closed. What That Means for Online Shopping.

China denies that it's at fault for the widespread use of fentanyl. It says that the failure is with the U.S., which China says hasn't been able to curb domestic addiction. Trump's order to suspend de minimis in February led to a lot of confusion. In the days that followed, something like a million packages piled up at JFK Airport in New York.

The Journal.
A Tariff Loophole Just Closed. What That Means for Online Shopping.

China denies that it's at fault for the widespread use of fentanyl. It says that the failure is with the U.S., which China says hasn't been able to curb domestic addiction. Trump's order to suspend de minimis in February led to a lot of confusion. In the days that followed, something like a million packages piled up at JFK Airport in New York.

The Journal.
A Tariff Loophole Just Closed. What That Means for Online Shopping.

China denies that it's at fault for the widespread use of fentanyl. It says that the failure is with the U.S., which China says hasn't been able to curb domestic addiction. Trump's order to suspend de minimis in February led to a lot of confusion. In the days that followed, something like a million packages piled up at JFK Airport in New York.

The Journal.
A Tariff Loophole Just Closed. What That Means for Online Shopping.

A week later, Trump delayed the suspension to May 2nd, but limited it to goods from Hong Kong and China only. Already, companies are feeling the pain, especially those that have built business models around the de minimis exemption.

The Journal.
A Tariff Loophole Just Closed. What That Means for Online Shopping.

A week later, Trump delayed the suspension to May 2nd, but limited it to goods from Hong Kong and China only. Already, companies are feeling the pain, especially those that have built business models around the de minimis exemption.

The Journal.
A Tariff Loophole Just Closed. What That Means for Online Shopping.

A week later, Trump delayed the suspension to May 2nd, but limited it to goods from Hong Kong and China only. Already, companies are feeling the pain, especially those that have built business models around the de minimis exemption.

The Journal.
A Tariff Loophole Just Closed. What That Means for Online Shopping.

Shein is a fast fashion retailer that sells extremely cheap clothing. Taimu is more like Amazon, where third-party businesses sell all kinds of stuff. So how does De Minimis help these two companies?

The Journal.
A Tariff Loophole Just Closed. What That Means for Online Shopping.

Shein is a fast fashion retailer that sells extremely cheap clothing. Taimu is more like Amazon, where third-party businesses sell all kinds of stuff. So how does De Minimis help these two companies?

The Journal.
A Tariff Loophole Just Closed. What That Means for Online Shopping.

Shein is a fast fashion retailer that sells extremely cheap clothing. Taimu is more like Amazon, where third-party businesses sell all kinds of stuff. So how does De Minimis help these two companies?

The Journal.
A Tariff Loophole Just Closed. What That Means for Online Shopping.

Compare this to retailers like H&M or Zara. Those companies order big bulk shipments that are worth a lot more than $800.

The Journal.
A Tariff Loophole Just Closed. What That Means for Online Shopping.

Compare this to retailers like H&M or Zara. Those companies order big bulk shipments that are worth a lot more than $800.

The Journal.
A Tariff Loophole Just Closed. What That Means for Online Shopping.

Compare this to retailers like H&M or Zara. Those companies order big bulk shipments that are worth a lot more than $800.

The Journal.
A Tariff Loophole Just Closed. What That Means for Online Shopping.

Avoiding these taxes has helped Shein and Taimou keep prices ultra low, which is one of the reasons the companies are so popular in the U.S. Shein and Taimou are the biggest beneficiaries of the tax provision, accounting for 30 percent of de minimis packages from China. But now, with De Minimis going away, it's going to hit their business model.

The Journal.
A Tariff Loophole Just Closed. What That Means for Online Shopping.

Avoiding these taxes has helped Shein and Taimou keep prices ultra low, which is one of the reasons the companies are so popular in the U.S. Shein and Taimou are the biggest beneficiaries of the tax provision, accounting for 30 percent of de minimis packages from China. But now, with De Minimis going away, it's going to hit their business model.

The Journal.
A Tariff Loophole Just Closed. What That Means for Online Shopping.

Avoiding these taxes has helped Shein and Taimou keep prices ultra low, which is one of the reasons the companies are so popular in the U.S. Shein and Taimou are the biggest beneficiaries of the tax provision, accounting for 30 percent of de minimis packages from China. But now, with De Minimis going away, it's going to hit their business model.