American Sellers Getting Punished
Its no secret the 80 percent of new sellers are from china. which should technically not be an issue. except that if you are an American citizen selling in your own country you are at a distinct disadvantage. number one, foreign sellers pay no income tax or business tax for selling in the states ( similar to why sales tax was not charged out of state, foreign companies with no technical presence are not taxed, look up E.T.B.U.S) . most foreign sellers do not pay tariffs ( customs has kind of given up trying to catch them, they use lots of shell companies and for Temu style sites with low cost small shipments the law clearly allows it). The Chinese government loans up to 80% of exported goods ( would not be surprised if they worked around the limit and get 100%), so your competitor has easy excess to funding.
Hope others can chime in with more information. I personally have contacted my senators and plan to contact more government officials about these issues.
American Sellers Getting Punished
Its no secret the 80 percent of new sellers are from china. which should technically not be an issue. except that if you are an American citizen selling in your own country you are at a distinct disadvantage. number one, foreign sellers pay no income tax or business tax for selling in the states ( similar to why sales tax was not charged out of state, foreign companies with no technical presence are not taxed, look up E.T.B.U.S) . most foreign sellers do not pay tariffs ( customs has kind of given up trying to catch them, they use lots of shell companies and for Temu style sites with low cost small shipments the law clearly allows it). The Chinese government loans up to 80% of exported goods ( would not be surprised if they worked around the limit and get 100%), so your competitor has easy excess to funding.
Hope others can chime in with more information. I personally have contacted my senators and plan to contact more government officials about these issues.
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American Sellers Getting Punished
Its no secret the 80 percent of new sellers are from china. which should technically not be an issue. except that if you are an American citizen selling in your own country you are at a distinct disadvantage. number one, foreign sellers pay no income tax or business tax for selling in the states ( similar to why sales tax was not charged out of state, foreign companies with no technical presence are not taxed, look up E.T.B.U.S) . most foreign sellers do not pay tariffs ( customs has kind of given up trying to catch them, they use lots of shell companies and for Temu style sites with low cost small shipments the law clearly allows it). The Chinese government loans up to 80% of exported goods ( would not be surprised if they worked around the limit and get 100%), so your competitor has easy excess to funding.
Hope others can chime in with more information. I personally have contacted my senators and plan to contact more government officials about these issues.
American Sellers Getting Punished
Its no secret the 80 percent of new sellers are from china. which should technically not be an issue. except that if you are an American citizen selling in your own country you are at a distinct disadvantage. number one, foreign sellers pay no income tax or business tax for selling in the states ( similar to why sales tax was not charged out of state, foreign companies with no technical presence are not taxed, look up E.T.B.U.S) . most foreign sellers do not pay tariffs ( customs has kind of given up trying to catch them, they use lots of shell companies and for Temu style sites with low cost small shipments the law clearly allows it). The Chinese government loans up to 80% of exported goods ( would not be surprised if they worked around the limit and get 100%), so your competitor has easy excess to funding.
Hope others can chime in with more information. I personally have contacted my senators and plan to contact more government officials about these issues.
American Sellers Getting Punished
Its no secret the 80 percent of new sellers are from china. which should technically not be an issue. except that if you are an American citizen selling in your own country you are at a distinct disadvantage. number one, foreign sellers pay no income tax or business tax for selling in the states ( similar to why sales tax was not charged out of state, foreign companies with no technical presence are not taxed, look up E.T.B.U.S) . most foreign sellers do not pay tariffs ( customs has kind of given up trying to catch them, they use lots of shell companies and for Temu style sites with low cost small shipments the law clearly allows it). The Chinese government loans up to 80% of exported goods ( would not be surprised if they worked around the limit and get 100%), so your competitor has easy excess to funding.
Hope others can chime in with more information. I personally have contacted my senators and plan to contact more government officials about these issues.
