- Advertisement -
An avalanche of cheap Chinese stuff is landing on doorsteps across Latin America. Bargain-hungry consumers are giddy, local retailers are getting pummelled and customs agencies are swamped.
Enter the taxman.
Governments from Mexico to Chile are starting to levy low-cost imports in a bid to protect local businesses from the glut coming out of China’s bloated factories. Spearheading the onslaught are Chinese e-commerce companies Temu, Shein Group Ltd. and AliExpress, part of Alibaba Group….
