100yearold

Blog

Shein and Temu depend on a 100-year-old tariff loophole that Trump wants to close

President Donald Trump’s sweeping tariff threats have been touch and go. As it stands currently, the 25 percent tax on goods from Mexico and Canada is on ice for a month, but a 10 percent tariff on Chinese goods is set to take effect on Tuesday, via an executive order of questionable legality. Nestled within the order is a brief…