Tag: tax loophole
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Loophole Allows $54 Billion Worth of Products to Enter the U.S. Without Tariffs, Reports WSJ
A recent examination has shed light on a significant loophole in U.S. trade policy allowing approximately $54 billion worth of products to enter the country tariff-free annually. This situation arises from a provision known as the de minimis rule, which exempts international shipments valued at $800 or less from customs duties. Initially designed to ease…
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Shein’s Low Pricing Strategy: On-Demand Production, Tax Exemptions, and Labor Practices Examined
The video explores the methods Shein, a rapidly growing Chinese online fast fashion retailer, uses to maintain exceptionally low prices. With a valuation of $66 billion and a dominant share of the U.S. market, Shein’s rise has been fueled by its unique on-demand production model, data-driven design processes, and small batch manufacturing. In addition to…