The Biden-Harris administration is cracking down on Chinese-owned fast fashion retailer Shein's and e-commerce platform Temu's use of the de minimis loophole to evade US taxes and tariffs. Temu is owned by PDD Holdings (PDD)

Yahoo Finance senior retail reporter Brooke DiPalma explains the surging use of this loophole as former President Donald Trump has considered expanding tariffs on international and Chinese imports.

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This post was written by Luke Carberry Mogan.