The United States is proposing a new customs tariff! It may pose a huge threat to Shein!

It is learned that according to foreign media reports, Earl Blumenauer, chairman of the U.S. House of Representatives Fundraising Committee, announced new legislation on Tuesday to improve U.S. customs tariffs and strengthen constraints on foreign technology companies.

New U.S. legislation reportedly raises the minimum threshold for customs duties and will exempt imported goods valued at less than $800 from duties, taxes or fees. Currently, the proposed bill has received the full support of the National Council of Textile Organizations (NCTO).

Earl Blumenauer said that now, the number of parcels sent from foreign countries to the United States every day is as high as 2 million, and it will continue to grow in the future. Among them, many foreign companies use the method of splitting packages to evade tariffs and supervision, and many criminals import illegal goods and harmful products into the United States, which has dealt a serious blow to American companies.

Ron Sorini, a trade expert at Samet & Associates, described the proposed bill as "the most comprehensive legislation I've seen so far," and said the legislation would seriously threaten the position of Chinese fast fashion giant Shein in the U.S. market.

Ron Sorini added that the main reason for the new legislation targeting Shein is that Shein has beaten H&M and is more popular with American consumers, and that many products containing toxic chemicals have been detected on its platform.

It is understood that the bill also expands the types of goods subject to tax, and other small goods (such as anti-dumping and countervailing duty orders) are also subject to tariffs. In addition, it also emphasizes that it will improve the infrastructure of the Customs and Border Protection (CBP) to crack down on more counterfeit and shoddy products, collect more information on low-profit goods ("micro-businesses"), and prohibit importers who have been suspended or banned from continuing to take advantage of low-profit goods.

In short, the new bill will mainly target foreign companies that evade tariffs and will have a huge impact on many companies centered on e-commerce sales, such as Shein.

Editor ✎ Nicole/

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