A Shein App is shown in the IOS App Store in Bargteheide, Germany, May 3, 2021.WASHINGTON — A House committee exploring economic competition between the U.S. and China on Thursday released a damning report connecting retail giants Shein and Temu to a disproportionate number of import violations.
The Chinese e-commerce companies exploit trade loopholes to import goods into the U.S. without paying import duties or making shipments subject to human rights reviews, according toThe report found that the brands, which garner most of their consumer base from social media, are likely responsible for over 30% of packages shipped daily to the U.S.
Lawmakers argue the tariff violations give Temu and Shein unfair advantages over U.S. retailers. Temu's valuation is estimated at over $100 billion, while Shein was recently valued at