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Rapid growth of Temu and Shein threatens US businesses and consumers, Biden says.
Archived version: https://web.archive.org/web/20240913222431/https://arstechnica.com/tech-policy/2024/09/biden-moves-to-crack-down-on-shein-and-temu-slow-shipments-into-us/
Free market countries when free markets enter their house:
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
Read the article. This is targeting companies that abuse an exemption to dodge taxes.
Neither the US nor China are truly free markets. They both play with taxes, tariffs, and subsidies to affect commerce both international and domestic.
Yeah but the US is the one constantly jerking itself into a frenzy about “free markets”
“True free markets have never been tried!”
lol
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.