Hong Kong Stock Exchange

Post Hearing Information Pack of SHEIN Global Holdings Limited

Daily Mirror

Shein swings to $99million loss after Donald Trump tariffs hit sales

BBC News

Shein swings to $99m loss as Donald Trump's tariffs hit sales

The Wall Street Journal

Shein Posts Loss As Planned Hong Kong Ipo Approaches 5Ffd2006

The White House

SUSPENDING DUTY-FREE DE MINIMIS TREATMENT FOR ALL COUNTRIES

European Council

EU action on the influx of small parcels

European Commission

Guidance and legal text on temporary flat fee on low-value imports which will apply until 1 July 2028

ITIF

De Minimis Executive Order Risks Disrupting E-Commerce Without Fixing Enforcement Gaps, Says ITIF

CNBC

Why the end of 'de minimis' can hurt consumers  especially lower-income ones

Fast fashion outlet Shein reported a net loss of $99 million in Q1 2026, compared with a net profit of $395 million during the same period a year earlier, according to a regulatory filing on Sunday ahead of a planned stock market debut in Hong Kong, after failed listing attempts in New York and London.

Fast fashion outlet Shein reported a net loss of $99 million in Q1 2026, compared with a net profit of $395 million during the same period a year earlier, according to a regulatory filing on Sunday ahead of a planned stock market debut in Hong Kong, after failed listing attempts in New York and London.

The loss followed an executive order issued by U.S. President Donald Trump, effective August 29, 2025, that <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.verity.news/story/2025/us-ends-tariff-exemption-disrupting-global-shipping">ended the de minimis exemption</a> allowing goods valued at $800 or less to enter the U.S. duty-free, citing national security and illicit drug concerns.

Donald Trump

The loss followed an executive order issued by U.S. President Donald Trump, effective August 29, 2025, that ended the de minimis exemption allowing goods valued at $800 or less to enter the U.S. duty-free, citing national security and illicit drug concerns.

In a Post Hearing Information Pack, Shein claimed that the removal had an "adverse impact" on the company's U.S. sales and overall net revenues, before detailing plans to raise prices in the U.S. market to offset higher costs.

In a Post Hearing Information Pack, Shein claimed that the removal had an "adverse impact" on the company's U.S. sales and overall net revenues, before detailing plans to raise prices in the U.S. market to offset higher costs.

The move was compounded by <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.verity.news/story/2026/eu-hits-lowvalue-parcels-with-duty-from-july-">the EU's introduction of a temporary €3 customs duty</a> per item on low-value goods valued up to €150 from July 1, 2026, which will remain in place until July 2028, when normal customs duties will apply.

The move was compounded by the EU's introduction of a temporary €3 customs duty per item on low-value goods valued up to €150 from July 1, 2026, which will remain in place until July 2028, when normal customs duties will apply.

On this, Shein warned that the EU's new fees may have a "material adverse effect" on its business, adding that trends in the bloc could match or exceed the impact seen in the U.S. since Europe accounts for a third of its net revenues, but that it was too early to assess fully.

On this, Shein warned that the EU's new fees may have a "material adverse effect" on its business, adding that trends in the bloc could match or exceed the impact seen in the U.S. since Europe accounts for a third of its net revenues, but that it was too early to assess fully.

Aside from this, Shein unveiled that its net profit margins for the first quarter had shrunk to 1.1%, down from 4.4% the previous year. Despite this, it reported having 281 million active customers in the 12 months to March 31, 2026, an increase of over 16% from the year prior, with roughly 1.09 billion orders placed.

Aside from this, Shein unveiled that its net profit margins for the first quarter had shrunk to 1.1%, down from 4.4% the previous year. Despite this, it reported having 281 million active customers in the 12 months to March 31, 2026, an increase of over 16% from the year prior, with roughly 1.09 billion orders placed.

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Shein reported a net loss of $99 million in the first quarter of 2026, compared with a net profit of $395 million in the same period a year earlier, as the company prepares for a planned stock market debut in Hong Kong.

Shein reported a net loss of $99 million in the first quarter of 2026, compared with a net profit of $395 million in the same period a year earlier, as the company prepares for a planned stock market debut in Hong Kong.

The loss followed a Trump executive order, effective Aug. 29, 2025, that ended the de minimis exemption allowing goods valued at $800 or less to enter the US duty-free, citing national security and illicit drug concerns.

The loss followed a Trump executive order, effective Aug. 29, 2025, that ended the de minimis exemption allowing goods valued at $800 or less to enter the US duty-free, citing national security and illicit drug concerns.

Shein said the removal of the US de minimis exemption "had an adverse impact on our sales in the US and the overall growth of our net revenues," and that it plans to raise prices in the US market to offset higher costs.

Shein said the removal of the US de minimis exemption "had an adverse impact on our sales in the US and the overall growth of our net revenues," and that it plans to raise prices in the US market to offset higher costs.

The EU began applying a temporary €3 customs duty per item on low-value goods valued up to €150 from July 1, 2026, replacing a duty-free exemption. The measure will remain in place until July 2028, when normal customs duties will apply.

The EU began applying a temporary €3 customs duty per item on low-value goods valued up to €150 from July 1, 2026, replacing a duty-free exemption. The measure will remain in place until July 2028, when normal customs duties will apply.

Shein warned the EU’s removal of the small parcel exemption may have a "material adverse effect" on its business, adding that trends in the EU could match or exceed the impact seen in the US after its de minimis exemption ended.

Shein warned the EU’s removal of the small parcel exemption may have a "material adverse effect" on its business, adding that trends in the EU could match or exceed the impact seen in the US after its de minimis exemption ended.

Shein’s net profit margins narrowed to 4.9% in 2025, down from 8.7% in 2024, while the US share of its revenue fell from 30% in 2023 to 22% in 2026. The company had 281 million active customers in the year to end of March 2026.

Shein’s net profit margins narrowed to 4.9% in 2025, down from 8.7% in 2024, while the US share of its revenue fell from 30% in 2023 to 22% in 2026. The company had 281 million active customers in the year to end of March 2026.

Ending the de minimis loophole is long overdue — bad actors have exploited cheap, low-value shipments to smuggle fentanyl and counterfeit goods into the country for years. Slapping duties on these packages levels the playing field for American retailers who've had to compete against foreign e-commerce giants gaming the system. Closing this exemption globally is a necessary step to protect national security and restore fairness in trade.

Ending the de minimis loophole is long overdue — bad actors have exploited cheap, low-value shipments to smuggle fentanyl and counterfeit goods into the country for years. Slapping duties on these packages levels the playing field for American retailers who've had to compete against foreign e-commerce giants gaming the system. Closing this exemption globally is a necessary step to protect national security and restore fairness in trade.

Ending de minimis will hammer everyday Americans the hardest — low-income households that rely on affordable imports will see prices jump 50% or more on basic goods. CBP isn't equipped to handle the surge in packages requiring formal processing, meaning the policy creates massive friction without actually stopping drug trafficking or counterfeiting. This is a cost imposed on working people with no guarantee the government even breaks even on the extra revenue collected.

Ending de minimis will hammer everyday Americans the hardest — low-income households that rely on affordable imports will see prices jump 50% or more on basic goods. CBP isn't equipped to handle the surge in packages requiring formal processing, meaning the policy creates massive friction without actually stopping drug trafficking or counterfeiting. This is a cost imposed on working people with no guarantee the government even breaks even on the extra revenue collected.

Shein swings to $99m loss as Trump tariffs hit sales

China

Economic conditions & trends

United States of America

Politics

Ending the de minimis loophole was long overdue. For decades, bad actors have exploited cheap, low-value shipments to smuggle contraband and flood U.S. and EU markets with goods, undercutting local competition in the process. Slapping duties on these packages is a necessity if either is to have any hope of levelling the playing field, restoring fairness in trade and countering e-commerce giants gaming the system.

Ending the de minimis loophole was long overdue. For decades, bad actors have exploited cheap, low-value shipments to smuggle contraband and flood U.S. and EU markets with goods, undercutting local competition in the process. Slapping duties on these packages is a necessity if either is to have any hope of levelling the playing field, restoring fairness in trade and countering e-commerce giants gaming the system.

Ending the de minimis will hammer everyday people the hardest, especially those in low-income households that rely on affordable imports, which could jump astronomically in price. Simultaneously, enforcing these new duties will require considerable effort, which could be too demanding for the U.S. and the EU. The result is a policy that imposes costs on working people with no guarantee of effectiveness.

Ending the de minimis will hammer everyday people the hardest, especially those in low-income households that rely on affordable imports, which could jump astronomically in price. Simultaneously, enforcing these new duties will require considerable effort, which could be too demanding for the U.S. and the EU. The result is a policy that imposes costs on working people with no guarantee of effectiveness.

Shein Records $99 Million Loss After Trump Ends De Minimis Exemption

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Shein Records $99 Million Loss After Trump Ends De Minimis Exemption

Shein swingsRecords to $99m99 lossMillion asLoss After Trump tariffsEnds hitDe salesMinimis Exemption

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