Fast-fashion retailer Shein’s executive chairman Donald Tang told investors in a letter on Monday that “growth remains strong” despite the United States ending duty-free treatment of low-value ecommerce packages from China and hiking tariffs.
Shein is working towards an initial public offering in London, but U.S. President Donald Trump’s decision to end the “de minimis” duty-free provision for imports from China worth less than $800 triggered concerns about its business
