- cross-posted to:
- news@lemmy.world
- business@lemmy.world
- cross-posted to:
- news@lemmy.world
- business@lemmy.world
Rapid growth of Temu and Shein threatens US businesses and consumers, Biden says.
Archived version: https://web.archive.org/web/20240913222431/https://arstechnica.com/tech-policy/2024/09/biden-moves-to-crack-down-on-shein-and-temu-slow-shipments-into-us/
How braindead do you have to be to call Temu a “free market?” They exploit a loophole in the tax code to undercut competitors, and in so doing use way more packaging materials and expend significantly more energy per item in trans-oceanic transportation than typical bulk trade does