Shein value cut in Donald Trump's tax clampdown Shein is slashing the value of its London listing by billions after Donald Trump's tax clampdown on parcels.
The UK Sustainable Investment and Finance Association, whose members include M&G and Schroders, said: 'UK markets and investors should not be exposed to a company that faces serious allegations about human rights abuses in its supply chain.
The US this week confirmed it would close a tax loophole that means retailers, including Shein, can dodge tariffs on parcels worth $800 (£645) or less.
Chinese retailers, including Shein and Temu, have exploded in popularity over the last few years due to their ultra-cheap products.
Star quality: Shein's products have been advertised by celebrities including Georgia Toffolo (pictured).
