News Summary

• Shein says it swung to a quarterly loss as its sales slowed.
• US President Donald Trump removed an import duty exemption on small packages.
• It also comes as uncertainty remains over the tit-for-tat US-China tariffs wars.
• The fast-fashion giant, which has its headquarters in Singapore but was founded in China, said it lost $99m (£74.1m) in the first three months of the year.
• The announcement is part of the firm's preparations ahead of its stock market debut in Hong Kong.