The Biden administration's plan to close a tariff loophole threatens Amazon and Walmart's strategy to compete with Chinese retailers by shipping goods directly from China to consumers.
Under mounting pressure from Chinese retail giants like Shein and Temu , American behemoths Amazon and Walmart have been cooking up a scheme to dodge tariffs and slash costs - but a new move by the Biden administration might just rain on their parade. For months, these U.S. retailers have been quietly plotting to overhaul their business models, aiming to ship more goods directly from Chinese factories straight to your doorstep. By doing so, they'd cut out pricey U.S.
The numbers are staggering. Packages entering the U.S. under the de minimis rule have skyrocketed to over one billion in 2023, up from a mere 140 million a decade ago. China is the chief contributor, sending more packages than all other countries combined. American businesses are pissed - saying that the rules create an uneven playing field since brands with U.S. stores and warehouses are subject to more in tariffs compared to those shipping directly to consumers.
De Minimis Rule China Amazon Walmart Shein Temu E-Commerce Retail
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