Political Quotes

“Madam Speaker, today, 14 U.S. textile manufacturing plants stand idle, and much of the rest of American manufacturing is endangered by a new threat from China that this Congress could end at a stroke. In just the last 2 years, roughly, Chinese online marketplaces have exploded in size, selling cheap goods at dumping prices into the American market. What is causing this? Well, they learned to exploit fully the de minimis tariff loophole. In 2023, nearly a billion packages entered the U.S. through the $800 de minimis loophole, nearly 4 million individual shipments per day. That is not de minimis business. It is big money. Chinese companies Temu and Shein alone account for roughly one-third of all de minimis shipments. Temu appeared on the American scene only in 2022, Shein not much earlier. You can go buy sneakers on Temu for $5, and a sweater for $7. Temu reportedly loses $30 per order in a deliberate strategy to flood the U.S. market with cheap crap and move toward market dominance. It is not only textiles. We should close this loophole today. ____________________”