Temu and Shein face massive tariffs. But don't count them out of the U.S. e-tail scene, experts say

In this article PDD Follow your favorite stocks CREATE FREE ACCOUNT Photo illustration of the Shein app on the App Store reflected in the Temu logo. Stefani Reynolds | Afp | Getty Images The closure of a trade loophole and prohibitive tariffs on China have upended Temu and Shein's business model in the United States. And yet the e-commerce companies are likely to remain a dominant force in American online retailing, experts suggest. On Friday, the de minimis rule — a policy that had exempted U.S. imports worth $800 from trade tariffs — officially closed for shipments from China. This has seen Temu and Shein exposed to duties as high as 120% or a flat fee of $100, set to rise to $200 in June. The small-package tariff exemption had been key to the companies' ability to maintain budget prices on the merchandise they shipped from China. In the lead-up to its removal, prices of goods shipped directly from China on Temu and Shein surged, with Temu later ending direct shipments from outside ... Read full article.