Fast-fashion giants like ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#SME#href” href=”https://economictimes.indiatimes.com/topic/shein” target=”_blank”>Shein and ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#SME#href” href=”https://economictimes.indiatimes.com/topic/temu” target=”_blank”>Temu have been doing booming business in the United States in recent years, in part because of a tariff exemption that’s helped to keep prices low on packages shipped from China.
Now, President data-ga-onclick=”Inarticle articleshow link click#SME#href” target=”_blank” href=”https://economictimes.indiatimes.com/panache/panache-people-101/donald-trump/profileshow/79057526.cms”>Donald Trump has ordered the loophole closed as part of new tariffs, starting with packages from China and Hong Kong. It could have the effect, probably unintended, of putting a dent in global ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#SME#href” href=”https://economictimes.indiatimes.com/topic/airfreight-emissions” target=”_blank”>airfreight emissions linked to the fashion industry.
Last year, 1.36 billion packages entered the United States through that loophole,…
