Shein’s £50bn London IPO threatened by Trump tariffs

Shein’s planned £50bn London IPO could be at risk after US President Donald Trump moved to close a tax loophole that is crucial to the fast fashion retailer’s business model.
Over the weekend, Trump vowed to ditch the de minimis exemption for small packages worth under £645 shipped from Canada, China, and Mexico to the US, the Telegraph reported.
Currently, small packages sent directly to US home addresses are exempt from import taxes, which has allowed businesses like Sh