Biden-Harris Targets E-commerce Abuse
This is a U.S. news story, published by MSN, that relates primarily to The Biden-Harris Administration news.
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counterfeit goodsQuartz
•Biden administration targets Shein, Temu, and Alibaba for 'abuse' of trade loopholes
82% Informative
The Biden-Harris Administration has announced new regulations aimed at curbing the “significant increased abuse” of the de minimis exemption by Chinese e-commerce giants.
The exemption allows shipments valued at $ 800 or less to enter the U.S. duty free.
Rising use of the exemption has raised concerns over potential consumer safety risks and fair trade violations.
The volume of these types of shipments has skyrocketed from about 140 million annually a decade ago to over one billion today .
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