This is a Shein news story, published by CNBC, that relates primarily to Temu news.
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smaller discountCNBC
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82% Informative
Prices on Shein and Temu could rise by as much as 20% if the Biden administration closes the so-called "de minimis loophole" The loophole allows packages valued under $ 800 to avoid import duties and scrutiny at the border.
The companies, known for their $ 5 T-shirts and $ 10 sweaters, could see prices rise by at least 20% .
Shein 's hopes of pulling off a long awaited U.S. public offering dwindled.
Lawmakers have targeted the de minimis exemption as the best way to curtail the company's growth.
Shein has turned to London in hopes of finding a friendlier reception.
VR Score
85
Informative language
86
Neutral language
50
Article tone
semi-formal
Language
English
Language complexity
51
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
2
Source diversity
2
Affiliate links
no affiliate links