A US House of Representatives committee on Thursday released a report warning retail companies Shein and Temu to cease exporting goods to the US under “de minimis provision” for tax benefits. The two firms account for more than 30% of all packages shipped to the US each day under the provision, according to the report, which permits products to enter free of duty if their value does not exceed $800. While the investigation is still ongoing, a bipartisan group of US lawmakers is planning to introduce a bill aimed at ending a widely used tariff exemption for e-commerce sellers shipping goods to American shoppers from China. [US House report]
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