Liz Young

So over the past decade, we've seen usage of this skyrocket. I mean, it is absolutely swelled. And that has been driven by Chinese-based or Chinese-founded sellers who are shipping parcels directly to consumers in the U.S. from China. So the most popular of these, of course, being Shein and Timu. Hey guys, here's a summer Shein haul.

So over the past decade, we've seen usage of this skyrocket. I mean, it is absolutely swelled. And that has been driven by Chinese-based or Chinese-founded sellers who are shipping parcels directly to consumers in the U.S. from China. So the most popular of these, of course, being Shein and Timu. Hey guys, here's a summer Shein haul.

They sell fast fashion apparel. They sell little tchotchke-type goods of all kinds. Top is so freaking cute. Um, hello? I'm buying this right now. Okay, bro, can I have these two phone cases? Because I don't really like my phone case.

They sell fast fashion apparel. They sell little tchotchke-type goods of all kinds. Top is so freaking cute. Um, hello? I'm buying this right now. Okay, bro, can I have these two phone cases? Because I don't really like my phone case.

They sell fast fashion apparel. They sell little tchotchke-type goods of all kinds. Top is so freaking cute. Um, hello? I'm buying this right now. Okay, bro, can I have these two phone cases? Because I don't really like my phone case.

Sheena's my new favorite store. Often coming directly from China to U.S. shoppers. And that's been something that, you know, has really pushed up the volume of these packages. We went from 400 million of these entering the U.S. in 2018 to 1.36 billion last year.

Sheena's my new favorite store. Often coming directly from China to U.S. shoppers. And that's been something that, you know, has really pushed up the volume of these packages. We went from 400 million of these entering the U.S. in 2018 to 1.36 billion last year.

Sheena's my new favorite store. Often coming directly from China to U.S. shoppers. And that's been something that, you know, has really pushed up the volume of these packages. We went from 400 million of these entering the U.S. in 2018 to 1.36 billion last year.

Sheehan's revenue last year had grown 19% over the year before to $38 billion, but that was less than the increases of the previous few years where it had grown 40% year over year. Teemu, we're looking at something similar. Their most recent quarterly report showed that revenue had climbed 24%, but that was their slowest pace of growth again since 2022.

Sheehan's revenue last year had grown 19% over the year before to $38 billion, but that was less than the increases of the previous few years where it had grown 40% year over year. Teemu, we're looking at something similar. Their most recent quarterly report showed that revenue had climbed 24%, but that was their slowest pace of growth again since 2022.

Sheehan's revenue last year had grown 19% over the year before to $38 billion, but that was less than the increases of the previous few years where it had grown 40% year over year. Teemu, we're looking at something similar. Their most recent quarterly report showed that revenue had climbed 24%, but that was their slowest pace of growth again since 2022.

So we've been seeing them grow at this huge rate.

So we've been seeing them grow at this huge rate.

So we've been seeing them grow at this huge rate.

So in early April, President Trump had decided to end the de minimis exemption for goods made in China. It went into effect just this past Friday, so very recently. And what that does is it cracks down specifically on goods made in China and Hong Kong. So it doesn't matter where things are shipped from. It doesn't matter if they're shipped through another country.

So in early April, President Trump had decided to end the de minimis exemption for goods made in China. It went into effect just this past Friday, so very recently. And what that does is it cracks down specifically on goods made in China and Hong Kong. So it doesn't matter where things are shipped from. It doesn't matter if they're shipped through another country.

So in early April, President Trump had decided to end the de minimis exemption for goods made in China. It went into effect just this past Friday, so very recently. And what that does is it cracks down specifically on goods made in China and Hong Kong. So it doesn't matter where things are shipped from. It doesn't matter if they're shipped through another country.

What matters is they were made in China originally. And those goods are now subject to more formal entry procedures than they were before. That means more paperwork, etc. They also are subject to that 145% base tariff that the president has put in place, plus any additional tariffs that they already would have faced before that based on what the item is.

What matters is they were made in China originally. And those goods are now subject to more formal entry procedures than they were before. That means more paperwork, etc. They also are subject to that 145% base tariff that the president has put in place, plus any additional tariffs that they already would have faced before that based on what the item is.

What matters is they were made in China originally. And those goods are now subject to more formal entry procedures than they were before. That means more paperwork, etc. They also are subject to that 145% base tariff that the president has put in place, plus any additional tariffs that they already would have faced before that based on what the item is.