Asian e-commerce giant Shein will build a factory in Brazil and say it will create 100,000 jobs.
Brazil's Finance Minister Fernando Haddad has made lemonade out of lemons.
A few days ago, he announced an end to the tax exemption for imports of low-value goods from other countries, especially China.
The Ministry of Finance wanted to abolish the rule under which international orders of less than US$50 are exempt from tax, a benefit available only to individuals.
This measure was intended to combat tax evasion by digital platforms such as Subscribe to our Premium Membership Plan. Already Subscribed? Login Here