Bullet points of US Crackdown on Cheap Chinese Goods Adds to Temu and Shein Woes

Bullet points of US Crackdown on Cheap Chinese Goods Adds to Temu and Shein Woes
- US plans to tax packages worth less than $800
- Alibaba and Temu may be impacted
- Hundreds of millions of packages shipped to the US annually
- Reshaping parts of the US retail arena
- Deflating excitement around bargain bazaars