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America Just KILLED China’s BIGGEST Industry
US Warned China Temu & Shein: get out
The US recently fixed the loopholes in the tariffs laws. It barred companies like TEMU and shein from exploiting the de minis exemption that’s meant for individual tourists to bring home souvenirs after their trips. Chinese companies lost billions of dollars in market cap within seconds of the law being announced, while many experts deemed it a measure that was long overdue.
