Two leaders of the US Consumer Products Safety Commission called for the agency to investigate e-commerce retailers Shein and Temu after "deadly baby and toddler products" were sold on both websites, according to a letter posted on the US CPSC website.
US CPSC Commissioners Peter Feldman and Douglas Dziak want the agency to evaluate how Singapore's Shein, China's Temu and other foreign-owned e-commerce platforms comply with its rules, handle relationships with third-party sellers and represent imported products.
Shein and PDD Group's Temu, which both ship cheap merchandise into the US from China, are raising "specific concerns" for the Commission for their use of de minimis, a rule exempting packages valued at $800 (AED 3,000) or less from tariffs if they are sent directly to shoppers.
Critics of Shein and Temu attribute low prices and de minimis to Shein and Temu's success in the US. Both companies have also come under scrutiny for the quality of their products.
A bipartisan group of US lawmakers last year planned to introduce a bill to eliminate the de minimis, which is widely used by e-commerce platforms including third-party sellers on Amazon.com and Walmart.com.
Eight OPEC+ countries meeting on Saturday have agreed to a further accelerated oil output hike for June of 411,000 barrels per day, two sources told Reuters while an online meeting of the countries was under way.
The UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC), Dr. Sultan bin Ahmed Al Jaber, visited Greece as the two countries enhance their comprehensive partnership.
Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, held talks with President of Global Markets at PayPal, Suzan Kereere, to collaborate within the dynamic digital payments landscape.
The sweeping new US tariffs has had no "negative impact" on DXB, airport's CEO Paul Griffiths said, but added that with the "volatility of the situation, it's far too soon to comment".