Shein and Temu Struggle With Rising Jet Fuel Costs and End of Duty-Free Exemption
The Chinese low-cost e-commerce export sector is experiencing a decline due to the end of U.S. duty-free de minimis exemptions and rising jet fuel costs, which are squeezing margins for companies like Shein, Temu, and AliExpress. Online shipments from China fell by 10.9% year-over-year in April to $9.8 billion.
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