Insights from data.ai, an analytics and data company, reveals that productivity, business and news tools are gaining popularity on the smartphone too. Read more at straitstimes.com.
Key trade loophole keeps cheap Chinese products flowing to US | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
The meteoric rise of shopping platforms selling Chinese-made goods, including Shein and Temu, has been fueled by a decades-old loophole that allows cheap products like $10 dresses to land in U.S. mailboxes tariff-free. This happens thanks to a "de minimis" rule exempting packages valued at $800 or less from tariffs as long as they're addressed and shipped to individuals. The exemption is open to all retailers but is most heavily used by Shein and PDD Holdings' Temu, and potentially by TikTok's new e-commerce business.
Focus: Key trade loophole keeps cheap Chinese products flowing to US reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.