Asia has woken up to a new shock in the trade war. In a move as simple as it is drastic, the United States has suspended the shipment of small packages from China and Hong Kong, striking a huge blow to e-commerce giants like Shein and Temu.
Shein is planning a £50bn listing on the London Stock Exchange, a centrepiece of the Labour government’s strategy to attract investment and boost the City’s appeal. However, that may have just become more complicated.
