Rapid growth of Temu and Shein threatens US businesses and consumers, Biden says.
    • catloaf@lemm.eeEnglish
      0·
      2 months 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.

      • DefinitelyNotAPhone [he/him]@hexbear.netEnglish
        0·
        2 months 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.

    • xep@fedia.io
      0·
      2 months ago

      Read the article. This is targeting companies that abuse an exemption to dodge taxes.

    • protist@mander.xyzEnglish
      0·
      2 months ago

      How braindead do you have to be to call Temu a “free market?” They exploit a loophole in the tax code to undercut competitors, and in so doing use way more packaging materials and expend significantly more energy per item in trans-oceanic transportation than typical bulk trade does