Shen Lu

Has anyone looked at their Shein cart this morning?

Has anyone looked at their Shein cart this morning?

Has anyone looked at their Shein cart this morning?

Now for these companies, the elimination of De Minimis is basically a double whammy. They didn't have to pay taxes when they sell to U.S. consumers. Now they have to, and the amount of tax is exorbitant.

Now for these companies, the elimination of De Minimis is basically a double whammy. They didn't have to pay taxes when they sell to U.S. consumers. Now they have to, and the amount of tax is exorbitant.

Now for these companies, the elimination of De Minimis is basically a double whammy. They didn't have to pay taxes when they sell to U.S. consumers. Now they have to, and the amount of tax is exorbitant.

Yeah, no.

Yeah, no.

Yeah, no.

The purpose originally was to allow Americans to bring back souvenirs from overseas trips without having to pay tariffs on them.

The purpose originally was to allow Americans to bring back souvenirs from overseas trips without having to pay tariffs on them.

The purpose originally was to allow Americans to bring back souvenirs from overseas trips without having to pay tariffs on them.

And the use of de minimis exemption has ballooned over the years. About 1.4 billion shipments using the de minimis provision entered the U.S. in 2024. That was up from 637 million four years earlier.

And the use of de minimis exemption has ballooned over the years. About 1.4 billion shipments using the de minimis provision entered the U.S. in 2024. That was up from 637 million four years earlier.

And the use of de minimis exemption has ballooned over the years. About 1.4 billion shipments using the de minimis provision entered the U.S. in 2024. That was up from 637 million four years earlier.

So the stated rationale is to stem the illegal flow of synthetic opioids, which is fentanyl, into the U.S. And Trump has declared that as a national emergency. Mexico is the main source of the drug, but Trump also blamed Beijing for not doing enough to stop the chemical ingredients from flowing out of China.

So the stated rationale is to stem the illegal flow of synthetic opioids, which is fentanyl, into the U.S. And Trump has declared that as a national emergency. Mexico is the main source of the drug, but Trump also blamed Beijing for not doing enough to stop the chemical ingredients from flowing out of China.

So the stated rationale is to stem the illegal flow of synthetic opioids, which is fentanyl, into the U.S. And Trump has declared that as a national emergency. Mexico is the main source of the drug, but Trump also blamed Beijing for not doing enough to stop the chemical ingredients from flowing out of China.

Many e-commerce companies have used this exemption over the past years. And two big beneficiaries of de minimis have been Shein and Taimu.

Many e-commerce companies have used this exemption over the past years. And two big beneficiaries of de minimis have been Shein and Taimu.