The End of Fast Fashion?

For years, American consumers have been able to spend next to
nothing on the latest fashion trends, thanks in large part to
Chinese clothing companies like Shein and Temu. These businesses
have long used a loophole to send millions of packages a day into
the U.S. from China tax-free.


Now, President Trump is closing that loophole, even as he
de-escalates his larger trade war with China, and prices are
going up.


Meaghan Tobin, who covers business and technology in Asia,
discusses whether this might be the end for fast fashion.


Guest: Meaghan Tobin, a correspondent for The New York Times,
covering business and technology in Asia.


Background reading


Meaghan Tobin and Agnes Chang write about President Trump’s
latest changes to taxes on small packages from China.

Meaghan Tobin explains how a U.S. tax loophole supercharged
China’s exports.



For more information on today’s episode,
visit nytimes.com/thedaily. Transcripts of
each episode will be made available by the next workday. 


Photo: Qilai Shen for The New York Times


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