Quartz·1 min read·easy
Shein’s loophole is gone. Now the losses are here
✦AI Summary
Fast-fashion retailer Shein experienced a 14.3% drop in U.S. revenue following the elimination of a duty-free loophole for small packages. The policy change has directly impacted the company's ability to maintain its low-cost pricing model in the American market.
The fast-fashion retailer's U.S. revenue fell 14.3% after Washington eliminated the duty-free exemption for small packages
businesseconomypolitics
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