China, tariff and SHEIN and Temu
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Despite a new trade deal that temporarily reduces tariffs on many Chinese goods, the White House confirmed Monday that small packages from China will continue to face significant import duties. This decision particularly impacts consumers who purchase low-cost items from popular e-commerce retailers like Shein and Temu.
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’
Trade experts anticipate a spike in trade during talks and a substantial deal, but the risk of inflation and economic slowdown may not be over.
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
The United States will cut the “de minimis” tariff for low-value shipments from China to as low as 30 per cent, according to a White House executive
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.