Rapid growth of Temu and Shein threatens US businesses and consumers, Biden says.

Rapid growth of Temu and Shein threatens US businesses and consumers, Biden says.

Archived version: https://web.archive.org/web/20240913222431/https://arstechnica.com/tech-policy/2024/09/biden-moves-to-crack-down-on-shein-and-temu-slow-shipments-into-us/

SpinScore: https://spinscore.io/?url=https%3A%2F%2Farstechnica.com%2Ftech-policy%2F2024%2F09%2Fbiden-moves-to-crack-down-on-shein-and-temu-slow-shipments-into-us%2F

  • catloaf@lemm.ee
    ·
    6 days ago

    Neither the US nor China are truly free markets. They both play with taxes, tariffs, and subsidies to affect commerce both international and domestic.

    • CommunistBear [he/him]
      ·
      6 days ago

      Yeah but the US is the one constantly jerking itself into a frenzy about "free markets"

    • DefinitelyNotAPhone [he/him]
      ·
      6 days ago

      I love this libertarian obsession with "true free markets" as if there has ever been or ever will be a market with no nation-states or major conglomerates putting their fingers on the scale for their own self interests. What a world it must be to live in where one is so high on idealism that they somehow miss how incredibly fucking worthless even considering such a thing is when a child could point out that would never occur.