💨 Abstract

The U.S. President Donald Trump has closed a trade loophole, ending the duty-free shipping of low-value packages from China. This will lead to price increases for American consumers, particularly those in lower-income and minority zip codes. Direct-from-China shopping sites like Shein and Temu will be affected, potentially causing a drop in demand for their products.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖