Shein is exploring ways to restructure its US business in case the Trump administration sticks to punitive tariffs on Chinese imports, which has jeopardised its plans for a London stock market listing.
The fast fashion company’s US business – which accounts for about a third of its $38 billion in annual revenue – will be put to the test when a tax exemption known as the “de minimis”…
…The US is replacing the ‘de minimis’ exemption – which applied to shipments valued at less than $800 – with a 120% tariff or a flat rate of $200, depending on how the goods are delivered. The changes will apply to shipments from China and Hong Kong…
