Kash Patel's Nomination as FBI Director and Ties to Shein

Kash Patel, President Trump's FBI Director nominee, has ties to a Chinese fast-fashion company, Shein, which has raised concerns about conflicts of interest. Despite opposition, he is likely to be confirmed by the Senate. Patel has also made controversial statements about the media and the Capitol riots.

Impact of de minimis loophole closure on Shein's valuation and IPO plans

Shein is facing a significant drop in valuation for its London stock market listing due to the closure of the de minimis loophole by President Trump, which allowed small import shipments to evade duties. This change may impact Shein's profitability and IPO plans in London.

Impact of U.S. Postal Service on Chinese E-commerce Platforms

The U.S. Postal Service is stopping accepting parcels from China and Hong Kong, impacting popular e-commerce platforms like Shein and Temu, leading to potential price increases and delays in shipments.