Temu, which is owned by the Chinese e-commerce company PDD Holdings, and Shein, which is now based in Singapore, said in separate but nearly identical notices that their operating expenses have gone up “due to recent changes in global trade rules and tariffs.”
More than 550 vendors are set to showcase their products at the Craft Brewers Conference and BrewExpo America, but experts told IBJ the conference goes far beyond the walls of the Indiana Convention Center.
President Donald Trump on Thursday revoked a nearly century-old tax loophole that saved companies from paying tens of billions of dollars in fees on cheap imports, most of which come from China.
