Faced with Shein’s growth, the U.S. and the E.U. attack exemptions from customs duties

As the Biden administration has been threatening TikTok in America, the ultra-fast fashion giant Shein (GMV of US$45 billion in 2023, net margin of US$2 billion) could be subject to additional customs charges. In the USA, if the bill proposed by the White House on September 13 passes, a further 70% of Chinese imports will be subject to customs duties. In the European Union, the Commission has been discussing for one year an exemption from customs duties for parcels under €150. In 2023, 2.3...