The Chinese retailer, with about $16 billion in goods sold in its first full year, faces bipartisan efforts to close a U.S. trade loophole that’s been key to its rise.
The proposed trade policies seek to protect American industry, labor, and national security, but some critics caution against this ‘protectionist path.’
The US House Select Committee has proposed 150 bipartisan recommendations to revamp US-China economic and technological competition.
The report aims to reshape the economic.
In 2016, the United States implemented legislation revising 19 U.S.C. § 1321 ("Section 321") and thereby increasing the de minimis amount for imports into the United States.