The fast-growing Chinese e-commerce companies are changing tack as challenges to their cheap import models multiply.
Credit: Lindsey Nicholson/UCG/Universal Images Group via Getty Images
Be it a dress for $9.99, a pair of earrings for $2.99, or even absurd items like a croissant lamp for less than $10, Temu and Shein have made their names by selling clothes and household items at dirt cheap prices, rising to challenge global e-commerce giants like Amazon in the process.
The Biden administration announces a new rule on de minimis. Credit: Whitehouse.gov
The two Chinese companies owe much of their whirlwind success in the U.S. and elsewhere to exploiting customs loopho
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Walmart should be in trouble in China, where its competitors are in retreat and its sourcing operations have been criticised by both Beijing and Washington. But the American retailer seems to have found a way forward in a difficult sector and remains one of the biggest benefactors of China-U.S. trade.
The Commerce Department wants to expand export controls to majority-owned subsidiaries of Chinese companies. That could trigger cascading effects — and challenges.
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