President Trump has closed a tariff loophole that previously allowed Chinese retailers, Temu and Shein, to operate in the U.S. without tariffs. This move is expected to impact many American shoppers who relied on these platforms for inexpensive goods. However, the closure aims to address the national security risks posed by these services that may function as information-gathering entities for the Chinese government. American businesses have already been adversely affected by these low-cost competitors, leading to closures and intensified competition.
Temu, in effect, is an information-gathering spyware program masquerading as an e-commerce site, which poses national security risks to the U.S.
The closure of the tariff loophole impacts millions of American consumers, forcing them to rethink their spending habits in the wake of increased costs.
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