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@taskmaster4450le
ยท 2 years agoTemu steers users to 'local' products after Trump shuts tax loophole
Temu has onboarded more sellers with U.S. inventory in recent years as lawmakers have zeroed in on the de minimis exemption.
Chinese online retailer Temu has been surfacing more products on its app that can be shipped from warehouses in the U.S. following President Donald Trump's decision to revoke a popular tax loophole.
The nearly century-old exception, known as de minimis, has been used by many e-commerce companies to send goods worth less than $800 into the U.S. duty-free. Trump on Saturday suspended the exemption as part of new tariffs that include an additional 10% tax on Chinese goods.
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