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The ending of the De minimis shipping loophole (goods under $800 | Tech Twitter
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The ending of the De minimis shipping loophole (goods under $800 weren’t taxed) completely clapped Shein’s business.
Its IPO-ing next week at $27B, down from peak valuation of $100B. Sales growth YoY went from +21% in 2024 (to $39B) to only +1% in Q1 2026 (to ~$42B).
