(NewsNation) — President Donald Trump is eliminating a trade loophole that allows budget retailers like Shein and Temu to avoid tariffs on cheap Chinese goods. Trump signed an executive order ...

The move appears to be a massive blow to fast-fashion companies such as China-based Shein and Temu, which managed to rapidly expand in the US through the almost century-old de minimis rule.

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Are you Temu-obsessed? Do you have a secret drawer – or even better, a secret wardrobe – full of Shein stuff? It's not out of the question that you do, since many people are avid Temu and Shein buyers ...

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A worker makes clothes at a garment factory that supplies Shein in China's southern Guangdong province in 2022. Photo: Jade Gao / AFP via Getty Images ...