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Key trade loophole keeps cheap Chinese products flowing to US

The meteoric rise of shopping platforms selling Chinese-made goods, including Shein and Temu, has been fueled by a decades-old loophole that allows cheap products like $10 dresses to land in U.S. mailboxes tariff-free. This happens thanks to a "de minimis" rule exempting packages valued at $800 or less from tariffs as long as they're addressed and shipped to individuals. The exemption is open to all retailers but is most heavily used by Shein and PDD Holdings' Temu, and pot...
United States Peter Pernot Jason Smith Erik Autor Barlow Company Footwear Association
Source: yahoo.com

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Exclusive-N. Korea hackers breached US IT company in bid to steal crypto-sources

WASHINGTON (Reuters) -A North Korean government-backed hacking group penetrated an American IT management company and used it as a springboard to target cryptocurrency companies, according to two sources familiar with the matter. The hackers broke into Louisville, Colorado-based JumpCloud in late June and used their access to the company’s systems to target its cryptocurrency company clients in an effort to steal digital cash, the sources said. The hack shows how North Korean cyber spie...
United States City Of United Kingdom P Yongyang Si North Korea P Yongan Namdo
Source: yahoo.com

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