Consumer
US Trade Overhaul Creates High-Five Moment for Resale Retailers
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ThredUp Inc. Chief Executive Officer James Reinhart gave a colleague a high five shortly after President Donald Trump’s overhaul of US trade policy earlier this week — a reaction that was very different from those of other consumer-company executives that were hammered by the announcement.
The impetus was the Trump administration ending a loophole that has boosted fast-fashion companies in China and Hong Kong, allowing companies like Shein and Temu to ship small packages without import duties.