US Lawmaker Flags Surge in Tax-Free Imports From China
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A key U.S. lawmaker highlighted the "shocking" rise in tax-free imports from China under a trade exemption for small packages. In 2023, 1.05 billion shipments entered tax-free under the de minimis exemption, a 53 percent increase from 2022. More than 485 million de minimis shipments have already entered the United States in this fiscal year. The exemptions could allow companies to evade scrutiny over forced labor concerns. Shein and Temu, Chinese-founded online retailers known for selling items at low prices, have been accused of exploiting unpaid labor and encouraging overconsumption. The rise of Shein and Temu came as leading U.S. fashion companies grew increasingly wary of exposure to China. The Select Committee urged Congress to take urgent action on this matter.
#China #Imports #Tax-free #DeMinimisExemption #Shein #Temu
https://www.voanews.com/a/us-lawmaker-flags-surge-in-tax-free-imports-from-china-/7510891.html
Voice of America - VOA News /
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2024-03-02 02:14:31
Author Public Key
npub1fn0gfyngcp8c9nap0y0fppuxxrvq76pyqckvk3vn3vagvp2lteks99fzfcPublished at
2024-03-02 02:14:31Event JSON
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"content": "US Lawmaker Flags Surge in Tax-Free Imports From China\n==========\n\nA key U.S. lawmaker highlighted the \"shocking\" rise in tax-free imports from China under a trade exemption for small packages. In 2023, 1.05 billion shipments entered tax-free under the de minimis exemption, a 53 percent increase from 2022. More than 485 million de minimis shipments have already entered the United States in this fiscal year. The exemptions could allow companies to evade scrutiny over forced labor concerns. Shein and Temu, Chinese-founded online retailers known for selling items at low prices, have been accused of exploiting unpaid labor and encouraging overconsumption. The rise of Shein and Temu came as leading U.S. fashion companies grew increasingly wary of exposure to China. The Select Committee urged Congress to take urgent action on this matter.\n\n#China #Imports #Tax-free #DeMinimisExemption #Shein #Temu\n\nhttps://www.voanews.com/a/us-lawmaker-flags-surge-in-tax-free-imports-from-china-/7510891.html",
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