The US will cut the “de minimis” tariff for low-value items imported from China, a White House executive order said on Monday, further de-escalating a potentially damaging trade war between the world’

Companies squeezed by Shein and Temu are welcoming the end of a shipping rule that bolstered the Chinese e-commerce giants. But broader tariff concerns are outweighing any optimism.

The U.S. and China agreed to a 90-day reduction in tariffs—dropping U.S. tariffs on Chinese goods from 145% to 30%.  While major retailers and many

In February, President Donald Trump ended the de minimis exemption by imposing a tax of 120% of the package's value or a planned flat fee of $200 - set to come into effect by June - blaming it for being heavily used by companies such as Shein, Temu and other e-commerce firms as well as traffickers of fentanyl and other illicit goods.