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.

Chinese e-marketplace Temu's Alleged Use of Slave-Produced Cotton

Chinese e-marketplace Temu allegedly encouraged suppliers to use Chinese cotton from East Turkistan, risking slave labor involvement. Temu avoided UFLPA scrutiny by shipping items under $800. Suppliers were urged to use Chinese cotton despite risks. Temu briefly required cotton origin certificates but rescinded the policy. Senate introduced a bill to close the de minimis loophole allowing exploitation of slave labor.