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.
Key Points
- Closure of de minimis loophole by President Trump affecting Shein's valuation
- Shein's potential IPO plans in London may be impacted
- Criticism of unfair competitive advantages in the fast fashion industry