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How the End of a U.S. Tax Loophole Hurts Chinese Companies

By Meaghan Tobin, Christina Shaman, Laura Salaberry and Nikolay NikolovMay 2, 2025

A loophole that has allowed American shoppers to buy lots of cheap goods from mainland China and Hong Kong without paying tariffs and filling customs forms is closing on Friday. Meaghan Tobin, a correspondent for The New York Times covering business in Asia, explains.

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